Latest news
Latest news
Green securitizations have been prominent in CMBS this year
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
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Pricing on two conduit-style commercial mortgage-backed securities deals has hit the widest levels since the start of the year.
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Dutch lender Obvion N.V. is preparing a third issue of residential mortgage-backed securities from its STORM shelf this year, with Rabobank and Société Générale mandated as joint lead managers.
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Performance of loans in commercial mortgage-backed securities in Europe, the Middle East and Africa continued to deteriorate throughout the first quarter, according to Fitch Ratings.
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Moody’s has downgraded the long-term debt and deposit ratings by one to three notches on 16 Spanish banks plus the U.K. subsidiary of Banco Santander.
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U.K. taxpayers could face a loss of £2 billion ($3.16 billion) from a wind down of Northern Rock, according to estimates by the U.K.’s National Audit Office.
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Stuart Gulliver, ceo of HSBC, said the bank may consider selling its U.K. branches if the costs of ringfencing regulations make it impossible for it to meets its profit targets.
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Italian banking group Associazione Bancaria Italiana has been working with Consob, the country’s market regulator, to make it easier for banks to raise funds from retail investors by simplifying the bond-issuance process.
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Russia’s DeltaCredit Bank is preparing to offer a RUR5 billion ($160.05 million) five-year Series 09-IP mortgage-backed securities issue.
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The level of bad loans held by Spanish banks rose to 8.37%, or EUR148 billion ($188 billion) in March, the highest level since September 1994, according to the Bank of Spain.