Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
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Following a stress test result that saw its stressed capital ratio dip into negative territory, Monte dei Paschi di Siena is once again turning to heavy duty financial engineering to save its skin, with a giant non-performing loan securitization — the largest ever structured — to clean its balance sheet and unlock a €5bn rights issue. The bank, however, has a tradition of relentless innovation in finance, which hasn’t always served it well. -
Société Générale this week appointed a new European head of leveraged loan syndicate, after the former levloan boss left the bank.
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Latham & Watkins has hired a new structured finance partner for its London office, who joins from Slaughter & May.
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The London Stock Exchange will launch an online private placement platform later this year, hoping to standardise and streamline access to the debt markets for some of Europe's SMEs, and replace "old fashioned" platforms like the Euro PP market. But bankers and lawyers working in Europe's existing private debt markets question the future of the new initiative, writes Silas Brown.
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The secret £1.5bn securitization which fuelled Goldman Sachs’ DCM numbers in the second quarter is being sold piecemeal, with as much as £400m still left to place in the senior notes. The deal saw Goldman buy an old Barclays portfolio, split it in two, and securitize performing and non-performing loans, writes Owen Sanderson.
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BNP Paribas's overhaul of its securitization business has stepped up a notch with the hire of two directors from Deutsche Bank's primary structured credit business.
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Goldman Sachs’s excellent DCM numbers this quarter were driven in large part by the lucrative exit from a large book of ex-Barclays loans, sold from the British bank’s non-core division to a consortium including Goldman last autumn.
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Peter Melichar, head of European CLO origination at Jefferies, has left the bank, GlobalCapital understands.
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UK Asset Resolution (UKAR) suspended its policy of preventing its sellside advisers from taking on buyside roles in portfolio sales, allowing Credit Suisse to work for both sides during the £13.3bn sale of the Northern Rock Granite portfolio, according to a report from the National Audit Office released on Tuesday.
