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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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Northlight Financial has announced the establishment of Northlight, a limited partnership that will provide asset-backed loans to middle-market companies as well as acquire whole loans in the secondary market and purchase distressed real estate assets.
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Scott Eichel, former co-head of asset- and mortgage-backed securities trading at Bear Stearns, hasn’t looked back since the 85-year-old institution was absorbed by JPMorgan at the height of the subprime mortgage meltdown for just $10 a share.
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Denmark’s Nykredit, Europe’s largest issuers of covered bonds, says it will look to foreign investors to double ownership of the securities as a result of regulations by the Basel Committee on Banking Supervision limiting the use of the instruments toward meeting its liquidity requirements.
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SEB Enskilda Corporate Finance has announced the establishment of a new real estate advisory, which will begin operations in September.
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The U.K.’s Office of Fair Trading has warned subprime lender Swift to improve its lending and collections practices or risk losing its credit licenses.
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The U.K.’s Council of Mortgage Lenders has appointed Paul Smee to succeed Michael Coogan as director general, effective Aug. 1.
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UBS has given its real estate team a boost with the hiring of Galen Lee as managing director in Singapore and promoting Fergus Horrobin and Henry Wong.
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Systemically important financial institutions may get a break in the borrowing rate they pay in the wholesale money market sector and the yield they need to offer investors under regulations imposed by the Basel Committee on Banking Supervision, according to Morgan Stanley analysts.
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Moody’s Investors Service has revised its global methodology for rating cash-flow collateralized loan obligations.