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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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Performance of U.S. automobile asset-backed securities has been little affected by rising gases prices and parts shortages as a result of the Japanese earthquake and its aftermath, according to Fitch Ratings.
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Space Coast Credit Union has filed suit against Barclays and State Street over losses it says it suffered from a collateralized debt obligation that it claims is similar to one sold by Goldman Sachs in 2007, which was subject of fraud suits.
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Consumer Portfolio Services has closed its first senior subordinate asset-backed securitization of 2011, and it’s second since 1993.
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Barclays Capital is set to buy back some $12 billion of collateralized loan obligations and U.S. residential, mortgage-backed securities as new capital rules have made it more costly to keep them off its balance sheet.
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Brevet Capital Management has hired two former NewOak Capital executives in a bid to beef up its New York capital markets and esoteric structured finance advisory business.
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Knight Capital is plotting a pipeline of Ginnie Mae-backed reverse mortgage securitizations, a move that piggybacks on the firm’s debut offering in March.
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Eric Tashman of Sidley Austin has urged regulators to exempt power utility companies from plans to force securitizers to retain at least 5% of the credit risk of the assets collateralizing asset-backed securities.
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Damon Mahon will be joining Royal Bank of Scotland’s syndicate desk to work on securitisation, filling the spot left when Tim Michael went to Citi in September last year. Harman Dhami has been covering FIG and ABS simultaneously, while volumes in the ABS market have been growing (65% up year on year, according to research from Société Générale).
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Former Goldman Sachs vets Alan Alsheimer and Martin Teevan have joined Ticonderoga Securities, a New York-based broker-dealer, to build its fixed-income platform.