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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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The American Securitization Forum expanded its advocacy ranks this week, hiring Jim Johnson as managing director of public policy in its newly minted Washington office.
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A federal judge in New York has dismissed lawsuits brought by investors against Bank of America’s Merrill Lynch unit to force the bank to bring charges against officers and directors for their role in risky investments in collateralized debt obligations.
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Moody’s Investors Service has downgraded most of $4.1 billion of Alt-A residential mortgage-backed securities issued by Countrywide Financial.
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The Federal Deposit Insurance Corporation has the market scrambling to understand an addition to its risk retention and qualified residential mortgage proposals, passed unanimously by the board Tuesday, that will force non-QRM deals to be structured with a “premium capture cash reserve account.”
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The International Monetary Fund has endorsed proposals by the Swiss National Bank to raise capital requirements on UBS and Credit Suisse, the country’s largest banks, to 19%, well above the percentage adopted by the Basel Committee on Banking Supervision.
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The Federal Deposit Insurance Corporation is seeking to standardize the industry-wide standard for qualified residential mortgages with a mandatory 20% down payment threshold, according to an FDIC official in a press briefing this morning.
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Wyndham Worldwide, the hospitality corporation, has completed a term securitization involving the issuance of $400 million of investment-grade asset-backed notes.
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Allstate has filed lawsuits against at least seven financial institutions and their affiliates over some $2.78 billion in mortgage-backed securities they sold.
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The Office of the Comptroller of the Currency has warned banks of companies that have begun offering programs that would allow them to reduce their non-performing assets by exchanging other real estate owned (OREO) for an interest in another asset purported to be performing.