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The European ABS market has remained mostly quiet over the last four weeks. We have seen spreads slightly tighten, despite the end of the ECB’s rescue program and the ongoing sovereign debt crisis.

Investec’s UK mortgage lending subsidiary Kensington Mortgage Co has confirmed that it aims to return to the RMBS market later this year. The planned securitisation, Kensington’s first public deal since March 2007 and the first under Investec’s ownership, will be backed by seasoned and newly originated prime and buy to let mortgages. The firm restarted new lending last November, offering products with a maximum loan to value ratio of 75% and without a non-conforming range. It hopes to come to market with a deal up to £250m.

U.K. mortgage lenders have begun offering loans to borrowers with minor credit issues or financial problems.

• Bhattal coup placates ex-Lehman bankers in Asia … • … but Sayeed loss threatens stable European team • Firm braced for departures after FSA bonus sign-off

The most liquid sectors of the European asset-backed securities market widened slightly over the past two weeks. It

The newly established Home and Savings Bank is said to have hired Peter Birch as its chairman. Birch previously was ceo at Abbey and chairman at Kensington Group.

Vertical Capital Solutions, a New York-based advisory company, has brought on Jason Howell as a partner.

How that deal was done, and how the former Lehman Brothers bankers are rebuilding their investment banking pipeline — and firing again in fixed income. David Rothnie reports.

Ian Mullane quit as CFO of Sungard to set up a boxing business to spend time with his disabled daughter. His recent white collar event in Hong Kong, featuring Asiamoney reporter Aaron Pan, raised about US$70,000 for charity. Now Mullane is a finalist for entrepreneur of the Year at the British Business Awards in Singapore.

Citadel Investment Group has made significant changes to its portfolio construction and risk management after derivatives failed to protect the firm during extreme market turmoil.

An £85.8m accelerated bookbuild for banking group Investec and a $300m share placement for gold miner Randgold Resources have kept equity capital market bankers busy ahead of the expected summer lull.

A £85.8m accelerated bookbuild for banking group Investec and a $330m share placement for gold miner Randgold Resources were keeping equity bankers busy on Tuesday ahead of the anticipated summer lull.