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Ed Bankole, managing director and head of non-mortgage servicer ratings at Moody's Investors Service in New York, plans to leave the rating agency next week, as first reported last week on BW's Web site (www.bondweek.com).

Kensington Mortgages, the U.K. non-conforming mortgage lender, is preparing to bring to market what is widely believed to be the first residential mortgage-backed securities deal with a remarketable tranche denominated in sterling.

National City Investment Management plans to add mortgage-backed securities if they cheapen substantially in the next few months.

This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market.

Kevin Lynyak, investment-grade telecom trader at UBS, resigned last week to join Morgan Stanley as an executive director in high-grade trading in New York.

--Steve Winslow, treasurer of Western Wireless, on the company's decision to choose a new bank to lead its credit facility.

UBS is merging its corporate bond and credit derivative trading operations to increase efficiency as these separate markets increasingly converge.

The release of the latest Flow of Funds Table from the Federal Reserve recently provides an update on demand trends in the U.S. corporate debt and equity markets by analyzing market ownership by investor group.

Financial Guaranty Insurance Company is getting ready to compete in the European market by staffing up its London office and has hired Rick Watson, the former head of European asset-backed securities and collateralized debt obligations at HSBC.

--Dave Montano, managing director and head of mortgage-backed securities research at J.P. Morgan Securities, on how banks are building up their MBS businesses.

ABN AMRO is rolling out a local markets platform to provide cross-asset flow and structured derivatives for hedge funds, prop desks and asset managers, looking for opportunities outside of the group-of-10 business.