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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The U.S. Securities and Exchange Commission has filed suit against Stifel Nicolaus, charging the broker with defrauding five Wisconsin school districts by selling synthetic collateralized debt obligations that were “unsuitably risky and…largely with borrowed money.”
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Nomura International has hired Jean-Marc Alexis as a structured products solutions specialist.
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CEMEX has announced the roll-over of its accounts-receivable securitization in Mexico.
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Fitch Ratings has lowered the ratings on four classes of commercial mortgage-backed securities issued in 2002 by JPMorgan Chase because of potential losses linked to specially serviced loans and loans that were unlikely to refinance when they mature.
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The U.S. Department of Justice is investigating Citigroup’s mortgage origination, servicing, sale and securitization practices, according to the bank’s regulatory filing with the U.S. Securities and Exchange Commission.
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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.