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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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ABN Amro has named Richard Zirps as head of its financial institutions group, capital markets for Austria and Germany.
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The nominees for the U.S. Securitization Awards are out. TS has a lineup of 42 nominees over 12 categories.
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Start-up collateralized debt obligation manager Koch Global Capital has suffered several defections from its CDO management team, just months before the pricing of its first deal.
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BAREP Asset Management, a e8 billion alternative management subsidiary of SG Corporate & Investment Banking, is planning to launch a leveraged loan fund this spring.
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Kumar Kanthan is stepping down from his role as co-head of the term asset-backed securities team at Moody’s Investors Service.
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Michael Ogan has left Scottsdale, Ariz., start-up manager Koch Global Capital.
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Thornburg Mortgage has hired Mark Plasters as executive president and sales manager, and intends to continue the hiring process in a bid to boost its origination by 21% in 2007.
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The New York Stock Exchange has suspended trading of New Century Financial’s securities.
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Goldman Sachs has counter-attacked claims that its exposure to the subprime mortgage sector is significant. Goldman CFO David Viniar said reports that the subprime meltdown will hit the firm hard are overstated, and in fact, Goldman remains largely unaffected by the problems. Viniar went further, saying that concerns that the subprime problems may spill over into other sectors of the subprime market are also off the mark. "The problem is largely contained in the subprime market," Viniar said in a conference call on Tuesday morning. He added that the mortgage business is an important, but modest, component of Goldman’s overall profit pie.