Latest news
Latest news
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
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Metro Bank confirmed on Monday that it was planning to sell a portfolio of loans, following a report over the weekend from Sky News, with Cerberus in the frame to buy back the same Capital Home Loans mortgages it sold to Metro in 2017. -
Waterfall Asset Management’s 2017 NPL securitization of Creval loans, Elrond NPL, has been downgraded as collections fell short of expectations. Scope Ratings said that cumulative collections were only 75% of those in the original business plan, with cash still stuck in challenging court processes.
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Santander has hired a senior securitization banker from StormHarbour Securities as head of its continental European securitization team, working on both public and private placements as well as advising on significant risk transfer (SRT) deals.
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Man GLG, the investment management business of Man Group has hired Patrick Kenney and Santiago Pardo, both of whom will focus on non-US stressed, distressed and opportunistic credit globally.
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A victory for nominative determinism at BNPP — Värde Partners names new co-CEO — Credit Suisse hires Goldman banker for Saudi effort.
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Morningstar Credit Ratings and DBRS have announced the appointment of the heads of their combined RMBS and CMBS groups following Morningstar’s acquisition of its Canadian rival in May.
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The Alternative Reference Rates Committee (ARRC) is working to set guidelines for consumer loans in its latest efforts to prepare capital markets for the end of Libor.
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Allen & Overy has added a partner to the firm’s leveraged finance practice in New York.
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The Securities and Exchange Commission (SEC) has published a report highlighting the urgency for market participants to speed up the discontinuation and transition away from Libor to alternative reference rates.
