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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
More articles
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The U.S. Securities and Exchange Commission’s recent decision to review the status of Real Estate Investment Trusts could signal a move to codify the exemptions and special privileges the REIT structure enjoyed—not the crackdown the industry fears—said Richard Ginn, managing director at Bank of America-Merrill Lynch.
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Investors at the ABS East conference said regulators are doing right by the industry in demanding increased transparency and reporting in the asset-backed securitization market, a move they say will put the market’s future on more solid footing. -
Assured Guaranty has filed suit against DLJ Mortgage Capital, a unit of Credit Suisse, over losses it suffered because of alleged misrepresentations about the quality of loans underlying six residential mortgage back securities.
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Bank of America has made a motion to disqualify the law firm of Quinn Emanuel Urquhart & Sullivan as counsel to American International Group in its lawsuit against the bank and other financial institutions over alleged misrepresentation of mortgage-backed securities.
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JPMorgan Chase now tops Bank of America as the nation’s largest bank in assets based on third-quarter earnings reports.
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Clayton Holdings has formed a new securitization group, which it says will “helping the private market prepare for the return of non-agency residential mortgage-backed securities.”
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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.
