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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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Bank of New York Mellon said it will reduce its workforce by 3%, or 1,500 jobs, as expenses have outpaced revenue.
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Fannie Mae has agreed to buy part of Bank of America’s home mortgage portfolio as the bank works to unload assets and reduce its exposure in the sector.
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Bond insurer MBIA says that since the end of the first quarter, it has reached an agreement with five counterparties to tear up $8.7 billion in multi-sector collateralized debt obligations and investment-grade corporate CDOs
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Crédit Agricole Corporate and Investment Bank has expanded its New York-based loan syndications group with the hiring of Jean-Michel Fatovic and Federico Fiorentini as directors.
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Craig Colenso, head of asset-backed securities trading at UBS in London, has left the firm.
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Agency residential mortgage-backed securities rallied after President Barack Obama inked a debt ceiling agreement into law yesterday, building on the gains sparked Monday by the news that a compromise was near.
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Paul Jablansky, former senior non-agency mortgage-backed securities and consumer asset-backed securities strategist at the Royal Bank of Scotland, has jumped to Western Asset Management, where he’ll serve as co-head of the mortgage investment team.
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CB Richard Ellis has hired Adam Wilton as senior director of its U.K. debt advisory unit.
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The U.K.’s highest court has ruled that Lehman Brothers Holdings’ Excalibur Funding No. 1 collateralized debt obligation was not in default, and therefore Germany’s Bundesbank could not gain control of it as a senior note holder.