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Latest news
The point of 'Simple, Transparent and Standardised' is that these deals are safe
Asset manager hires non-agency RMBS portfolio manager
Schaafsma has long experience from Moody's and Standard Chartered
More articles
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Co-Operative Bank has priced Warwick No. 1, a non-conforming RMBS deal that grew from an already formidable launch size of £1.19bn to £1.5bn. But though the entire capital stack was on offer, the bank’s treasury bought 65% of the deal’s class 'A' tranche.
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New entrants into the UK’s credit card lending market are driving growth in the sector, but their pools are also riskier than those held by high street banks, according to Moody’s.
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Volkswagen’s German auto lease ABS VCL 21 has priced its top rated tranche at the tightest spread achieved, at least for the issuer, since the crisis.
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The new Spanish securitization law scraps restrictive measures and should shake up the market, in line with the European Union’s plan to promote more cross-border finance in capital markets.
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Volkswagen is looking to grind primary the primary market spread offered on its twenty first German auto lease ABS from the VCL shelf, potentially beating its last lease ABS showing in the market by 7bp.
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Service provider and CLO collateral administrator TMF Group has appointed a new global head of structured finance.
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Improving lending conditions, an increase in loan supply and investor appetite are not enough to get the moribund market for small to medium enterprise CLOs off the ground, something European policymakers have held as a top goal in revving the continent’s economic recovery.
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Société Générale has hired six more bankers from Royal Bank of Scotland in the US to work on its ABS and CMBS teams, led by Dan McGarvey.
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Real estate group Greystone has hired a former CMBS originator from Royal Bank of Scotland to build its presence in the central states of the US.