Latest news
Latest news
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
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A new mortgage plan being kicked around between big banks and regulators left ABS East attendees with plenty of questions.
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The Swiss Financial Market Supervisory Authority and the U.K. Financial Services Authority are launching a “comprehensive independent” investigation into the events surrounding $2.3 billion of losses at UBS as a result of unauthorized trades.
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Nomura has hired named Munish Varma as global head of structured lending and special situations.
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Bank of America is planning on reducing its work force in New York City by 324 jobs beginning at the end of November as the bank looks to lower expenses after it lost half of its market value.
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Splitting the government-sponsored enterprises into old and new companies, with the “old cos” holding legacy mortgage loans backed by a government guarantee and the “new cos” originating loans without government backing, is the first step to giving the mortgage-backed securities market a fresh start, said James Lockhart, vice chairman at WL Ross & Co., in Monday’s keynote address at ABS East. -
The simplicity embraced by E.U. regulators should be an example to their U.S. counterparts, according to panelists at ABS East’s Global Regulatory Initiatives and the Broader Impact on U.S. Securitization Practices session.
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Credit Suisse is planning on closing its commercial mortgage-backed securities unit.
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Fitch Ratings has followed Moody’s Investors Service and has downgraded Lloyds Banking Group and Royal Bank of Scotland.
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ING Groep is considering entry into the European mortgage-backed securities market for the first time, according to Martin Nijboer, head of long-term funding at the Dutch bank.
