Sterling securitization slips as Silk Road hits wide end

Owen Sanderson

November 27, 2019 05:15 PM

co-op_PA_230x150 — File photo dated 13/02/17 of a Co-operative Bank sign in London. The Co-operative Bank, which was put up for sale in February, has said that it is in advanced discussions with existing investors over a rescue package. | Kirsty O'Connor/PA Wire/PA Images

Thinner liquidity at the end of the year and sterling buyers that know when a deal is struggling pushed Co-op Bank’s RMBS market return wide of guidance on Tuesday, pointing the way to a market that’s ready to shut up shop, outside of central bank-eligible sectors.

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Topics

RMBS Securitization Bank of America UK Europe EMEA HSBC

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Owen Sanderson