Latest news
Latest news
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
First European buy now, pay later securitization expected next year
More articles
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UBS is exploring opportunities in 'asset-side projects', GlobalCapital understands, though it won't be relaunching its cash ABS franchise. It has brought Rob Baston, who once structured ABS and bank capital at the bank, back as a senior adviser to work on specific private projects for the firm. -
The non-performing loan securitization at the heart of Monte dei Paschi di Siena’s rescue package could pay out fees of €2.72bn — including €1bn of servicing commission and a €710m legal bill. The bank has also revealed details of the planned issue’s structure, and the spread it hopes to achieve on the senior notes. Owen Sanderson reports.
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The European Parliament's Economic Affairs committee is set to vote on Thursday on its position on the future European securitization framework. According to a draft compromise seen by GlobalCapital, originators will be asked to keep 'a material net economic interest' in each securitization, equal to at least 10% of the total amount.
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Lee Rochford, the former head of FIG at RBS and more recently, chief financial officer of Virgin Money, has taken over as chief executive of debt purchaser Arrow Global.
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German investment giant Allianz Global Investors has bought US alternative investment manager Sound Harbor Partners for an undisclosed sum.
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The European Commission proposed on Wednesday to extend its ‘SME supporting factor’, which gives easier regulatory treatment to SME lending, and to create a new regulatory subsidy for infrastructure.
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The markets haven’t accepted that negative coupon bonds could become anything but an anomaly, even in a world of ongoing quantitative easing and persistently low or negative rates — but the European Central Bank is preparing for that eventuality.
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JP Morgan has chosen a new head of debt capital markets in Emea, as part of a wider reshuffle designed to promote a new generation of bankers to top jobs.
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The UK’s Financial Conduct Authority will look over some banks’ shoulders to make sure they are allocating IPOs fairly and is trying to get league table providers to reduce incentives for banks to engage in ‘league table trades’ in the MTN and equity block trades markets.
