Latest news
Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
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Andre Vollmann, a senior asset-backed securities portfolio manager at Cairn Capital, has reportedly left the firm in London.
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Spanish lender BBVA says it has raised core Tier 1 capital ratio from 8.9% to 10.7% as required by the Basel Committee on Banking Supervision three months before the deadline and did so without sales of strategic assets, the help of government funds or cuts in dividends.
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Credit Suisse reported that profit plunged 96% in the first quarter to CHF44 million ($48.17 million) from CHF1.1 billion ($1.2 billion) a year earlier, thanks in part to a charge on the value on its debt and scaling back of its investment-banking business.
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The governing council of the European Central Bank has decided to require banks to provide more information on the asset-backed securities they plan to use for collateral they pledge to the ECB’s liquidity program.
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Spain’s Caixabank has increased its stake in Portugal’s Banco BPI to nearly 49% by acquiring a 18.87% stake from Brazil‘s Banco Itau for EUR93.4 million ($123.2 million)
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ING Investment Management is planning to launch a euro-denominated covered bond. ING already offers EUR1.4 billion ($1.85 billion) in the bonds.
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The Attorney General’s Office of New York has denied claims that the Residential Mortgage-Backed Securities Working Group set up in January by the Obama administration and headed by N.Y. Attorney General Eric Schneiderman has been inactive.
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The U.S. Securities and Exchange Commission is said to be considering charging credit rating agency Egan-Jones and its founder, Sean Egan, for allegedly filing misleading information in its application to rate asset-backed securities and sovereign debt.
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Issuance of commercial mortgage-backed securities for 2012 is now expected to be higher than earlier projected.