Latest news
Latest news
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
More articles
More articles
-
The Spanish government has retained Alvarez & Marsal, the U.S. professional services firm, to manage its new bad bank, which is expected to hold a total of EUR184 billion ($223.6 billion) of toxic assets from the nation’s most troubled banks.
-
ING is considering a sale of its U.K. and Canadian online banking business as part of its mandate to sell off assets in exchange for state aid during the financial crisis.
-
Goldman Sachs has agreed to pay $26.6 million to investors that charged in a class action that the investment bank misrepresented the mortgage-backed securities it sold to them.
-
A federal jury in Manhattan handed the U.S. Securities and Exchange Commission a defeat in its case against Brian Stoker, the former director of collateralized debt obligation structuring at Citigroup, in which it charged Stoker violated securities laws by not disclosing to investors that he allegedly helped select roughly half the underlying assets in a $1 billion CDO-squared.
-
Avis Budget Rental Car Funding has completed an offering of $690 million asset-backed securities, the proceeds of which will be used to refinance ABS debt maturing in 2013 with a blended interest rate of roughly 5%.
-
Angelo Gordon is preparing to launch the AG Securitized Asset Recovery Fund, which will invest in residential and commercial mortgage-backed securities.
-
Don Layton, the new ceo of Freddie Mac, has made several changes in the agency, including appointing Trez Moore, head of strategic investment at the government-sponsored enterprise, to develop a single securitization platform, among other things.
-
Oliver Chang, a former head of U.S. housing strategy at Morgan Stanley, has launched Sylvan Road Capital, an asset management firm that plans to raise $1 billion to acquire foreclosed homes across the U.S. and operate them as rental properties.
-
Applications for refinancing mortgages rose to their highest level since April 2009, according to the Mortgage Bankers Association.