Latest Securitization People & Markets news

• Leveraged loan worries dominate US bank earnings

  End of year earnings calls at the US banks all featured anxieties about the exposure of the firms to a leveraged finance market that was looking increasingly stretched through year end, with some bridges said to be hung and discounts offered on risk positions.

  • 17 Jan 2019

• Climate activists boo Larry Fink’s CEO letter

  

  Larry Fink, chief executive of BlackRock, became one of the most namechecked people in the responsible investing movement in 2018 when he affirmed that “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate.”

  • 17 Jan 2019

• Italian banks suffer as ECB cracks down on NPL stock

  

  The European Central Bank has slapped the institutions under its supervision with deadlines for dealing with their stocks of non-performing loans, giving the weakest lenders up to 2027 to raise their coverage levels to 100%. The revelation hit Italian banks hard in the market this week, though some commentators said that the new recommendations should hardly have come as a shock to investors.

  • 17 Jan 2019

• Japan's FSA weighs options for investors to buy US and EU ABS

  

  Japanese regulators will implement risk retention rules for securitization at the end of March. The Financial Services Agency is leaning towards the 'eligible vertical interest' model as a solution to allow investors to access both European and US markets.

  • 17 Jan 2019

• Barclays marketing new CSAM CLO

  

  Barclays is on the road this week with a CLO that it is looking to sell this quarter for Credit Suisse Asset Management.

  • 17 Jan 2019

• Axiom: NPEs down overall, but worst performers are surprising

  

  EU banks have drastically reduced their non-performing exposures over the past year, and the weakest lenders in terms of provisioning shortfalls are not from Europe’s periphery, according to research by Axiom Alternative Investments. However, two banks named as some of the worst performers disagreed with this label.

  • 17 Jan 2019

• Wellfleet promotes new CLO managers

  

  Greenwich, Connecticut based Wellfleet Credit Partners, the performing credit business of Littlejohn & Co, has promoted Dennis Talley and Scott McKay to managing director with a focus on CLOs.

  • 17 Jan 2019

• Kensington Mortgages renews warehouse line

  

  Kensington Mortgages has renewed a warehouse line of credit with BNP Paribas and Citibank, giving it the ability to fund nearly £1bn worth of new originations.

  • 16 Jan 2019

• Agarwal on banking: ‘I loved the work we did’

  

  Capital markets veteran Sandeep Agarwal speaks to GlobalCapital about his decision to leave the sector after a period of more than 20 years, reflecting on what he describes as the "best learning experience" he could have asked for following the financial crisis. As he prepares for a new challenge outside of banking, Agarwal warns that the industry is not "out of the woods yet".

  • 14 Jan 2019

• New UK RMBS issuance to be sold to US clients

  

  A handful of prime UK RMBS deals are rumoured to be in the pipeline, along with several prime euro transactions, with issuers said to be targeting US investors while they wait for the fog to clear around new ‘simple, transparent, standardised’ (STS) rules.

  • 14 Jan 2019

Securitization people & markets news archive