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Latest news
Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
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Recovering Irish residential property prices will yield Royal Bank of Scotland’s Ulster Bank division £300m of net impairment provision releases in the third quarter of 2014, the UK banking group said in a trading performance update to the market on Tuesday.
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PineBridge Investments, a global asset manager overseeing around $73bn, has hired a veteran structured credit trader and investor with a background in CLOs as a portfolio manager in its New York office.
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The chief operating officer of Fannie Mae, the government-sponsored entity which provides the largest source of funding for US mortgages, is stepping down. Joy Cianci will take over some of his responsibilities.
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The European Central Bank chairman Mario Draghi explained further details of the ECB’s proposed ABS purchase programme, during remarks to the European Parliament’s Economic and Monetary Affairs Committee.
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UBS has lost a long-serving senior official from its credit structuring business.
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A top securitization lawyer has rejoined Cadwalader, Wickersham & Taft to expand the firm’s structured finance practice in London.
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Grant Thornton has hired a former DTCC securitization valuation specialist for its forensic and valuation services practices in New York.
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The ECB’s ABS purchase programme could mean a huge stream of new fee income for investment banks with strong securitization divisions in Europe, writes Owen Sanderson
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Royal Bank of Canada has added to its growing securitization team, hiring a CLO trader from Royal Bank of Scotland’s shrinking securitization team.