Latest news
Latest news
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
More articles
More articles
-
BNP Paribas is combining its primary and secondary activities in US credit markets under a new Global Credit Markets Americas division, with a new head of leveraged finance joining from Deutsche Bank to bolster the firm’s offering. -
Houlihan Lokey has formed a new US leveraged loan syndication platform, HL Finance, with HPS Investment Partners working alongside the firm to underwrite and syndicate deals of up to $1bn.
-
JP Morgan has promoted Oldrich Masek to head of the EMEA securitized products group, following David Lefkowitz's relocation from London to New York.
-
SC Lowy Asset Management has hired William Bishop as senior sourcer for distressed debt in London.
-
CIFC Asset Management, one of the largest CLO managers in the world, has recently turned its attention to Europe, with the hire of Joshua Hughes to start marketing and fundraising for European loan investments. It is planning to build out the business in the coming months with more London-based hires, including a senior investment professional to lead that side of the business — but it’s not diving headfirst into the increasingly crowded European CLO market.
-
The Bank of England this week laid out its plan to build reliable term rates from the sterling overnight interbank average rate (Sonia) that it has chosen to replace Libor, recommending that overnight index swaps on the rate be traded on venue.
-
Holders of HSH Nordbank’s tier one securities are requesting documentation from the German bank’s owners through the US legal system. They say the sale of the bank was designed to harm them.
-
The European Central Bank said this week it wants banks to provision for legacy non-performing loans in the same way as for new NPL inflows. But, in a major boost for Europe's weakest banks, it is prepared to give heavily burdened banks more time to raise provisions.
-
The executive director of the Structured Finance Industry Group (SFIG), the US securitization industry’s advocacy and lobbying organisation, has departed. His exit comes as SFIG members say they had grown weary of the issues around management and executive pay that also sunk the group’s predecessor organisation, the American Securitization Forum (ASF).
