Latest news
Latest news
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
More articles
More articles
-
Start-up CapitalFusion Alternative Investments is bringing to market a $200-250 million opportunistic fund that will invest in asset-backed securities and collateralized debt obligation assets, commercial real estate, whole loans and initial public offerings.
-
American Home Mortgage has been hit with a number of lawsuits since filing for bankruptcy filed for bankruptcy on Aug. 6.
-
J.P. Morgan Securities has transferred Mark Schmude, a New York-based collateralized debt obligation strategist, to London to help accommodate a growing European client base.
-
Steve Warjanka, a director and Alt-A RMBS structurer at UBS, has left the bank.
-
Barclays Capital’s head of European collateralized debt obligations, Ed Cahill, has quit, reports Reuters UK. Recent turmoil in the U.S. subprime market has focused regulatory and market concern on the CDOs, which repackage securities backed by the mortgages.Cahill joined Barclays from J.P. Morgan in 2004 where he traded and later structured CDOs.
-
Standard & Poor’s is looking into creating a separate measure of likely volatility in structured products outside the current rating definitions used as standard.
-
Fitch Ratings has placed on watch for downgrade $2.39 billion of commercial paper and capital notes issued from IKB Credit Assessment Management’s Rhinebridge structured investment vehicle.
-
London-headquartered HSBC will be closing a Carmel, Ind., office that focuses on consumer and mortgage lending.
-
The Carlyle Group extended a $100 million loan at 10% to its European Carlyle Capital affiliate, to help the fund meet margin calls, reports The Wall Street Journal. Lenders to the mortgage fund had been demanding additional funds. Ninety-five percent of Carlyle Capital’s assets are “AAA mortgage-backed securities with the implied guarantee of the U.S. government, the fair value of these assets has declined due to diminished demand for these securities in the marketplace,” the group said in a statement. Last week, a rival of the Carlyle Group, Kohlberg Kravis Roberts, said it would take a loss on sales of mortgage backed debt.