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Latest news
Deal raises questions about whether transaction was done at arm's length
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'
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An attorney for a group of 22 mortgage bond investors involved in a settlement with Bank of America told a federal judge the proposed $8.5 billion mortgage-backed securities pact was very positive.
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CRT Capital Group has expanded its securitized products business with the addition of sales and trading professionals from Citadel Securities’ institutional mortgage-backed securities group.
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The European Union has reached a deal with HSH Nordbank under which the German lender agrees to cut its balance sheet by 2014 by more than 40% of its size in 2008 and no longer receive state aid.
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Barclays Capital has teamed up with Fundcore Finance Group to establish a commercial mortgage-backed securities origination and securitization program.
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Goldman Sachs and Citigroup are bringing back an upsized version of the commercial mortgage-backed security they decided to pull in July after Standard & Poor’s refused to rate it.
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RBS Securities has named Tom Majewski as managing director and head of collateralized loan obligation origination in its asset-backed finance team in the Americas.
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The U.K.’s Financial Services Authority and the Swiss Financial Market Supervisory Authority are planning to conduct an independent investigation into UBS’ losses stemming from alleged unauthorized trades by Kweku Adoboli.
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The U.S. Securities and Exchange Commission has unanimously voted to propose a plan aimed at eliminating the types of conflicts that were at the center of a lawsuit against Goldman Sachs over its ABACUS 2007-AC1 collateralized debt obligation.
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Citigroup is said to be looking to unwind more than $2.2 billion in collateralized loan obligations it created as part of its plan to dispose of collateral held in Citi Holdings, the “bad bank” it set up.