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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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The secret £1.5bn securitization which fuelled Goldman Sachs’ DCM numbers in the second quarter is being sold piecemeal, with as much as £400m still left to place in the senior notes. The deal saw Goldman buy an old Barclays portfolio, split it in two, and securitize performing and non-performing loans, writes Owen Sanderson.
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BNP Paribas's overhaul of its securitization business has stepped up a notch with the hire of two directors from Deutsche Bank's primary structured credit business.
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Goldman Sachs’s excellent DCM numbers this quarter were driven in large part by the lucrative exit from a large book of ex-Barclays loans, sold from the British bank’s non-core division to a consortium including Goldman last autumn.
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Peter Melichar, head of European CLO origination at Jefferies, has left the bank, GlobalCapital understands.
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UK Asset Resolution (UKAR) suspended its policy of preventing its sellside advisers from taking on buyside roles in portfolio sales, allowing Credit Suisse to work for both sides during the £13.3bn sale of the Northern Rock Granite portfolio, according to a report from the National Audit Office released on Tuesday.
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CaixaBank has reorganised its debt capital markets and syndicate teams, following the departure of Maria Castro to head funding for the bank.
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Jeremy Bennett, the former CEO of Nomura International and EMEA, and architect of the UK’s crisis-era £800bn Asset Protection Scheme, has joined Funding Circle as global chief financial officer.
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The Basel Committee on Banking Supervision’s updated securitization framework shows strong alignment with the European Commission on risk weights — but adverse discussions in the European Parliament mean that the chances creating the elusive 'level playing field' for high quality securitizations looks slim.
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The Basel Committee on Banking Supervision has updated its framework for the regulatory capital treatment of securitization, allowing a “modest” reduction in minimum capital requirements for deals that meet “simple, transparent and comparable” (STC) criteria.