Latest news
Latest news
Japanese bank poaches Barclays structured credit sales director
'The lessons of the financial crisis should not be forgotten,' spokesperson warns
The point of 'Simple, Transparent and Standardised' is that these deals are safe
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The Swiss National Bank for the first time has singled out Credit Suisse for requiring a “marked increase” in capital this year and not UBS, though it also recommended UBS take steps to shore up its capital.
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The move toward fixed-note issuance in European asset-backed securities linked to automobile loans is a “welcome development,” reinforcing a trend for structural simplicity, according to Fitch Ratings.
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Goldman Sachs is said to be raising $518 million for a collateralized loan obligation managed by Credit Suisse Asset Management.
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Vancouver, B.C.-based Forum National Investments has announced plans to launch a US$9 million convertible securitized bond backed by senior U.S. life settlements, said to be an industry first.
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The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have adopted higher capital requirements proposed by the Federal Reserve, but two new FDIC board members,
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Morningstar has released the methodology it will use to rate residential mortgage-backed securities.
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Pittsburgh-based PNC says it expects to post $76 million in losses from forced repurchases of mortgages in the second quarter.
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Jamie Dimon, ceo of JPMorgan Chase, expressed regret at a Senate Banking Committee hearing over losses from derivatives executed through the investment bank’s chief investment office, saying the trading strategy was “poorly conceived and vetted,” that traders took risks they did not understand, but that the Volcker Rule’s ban on proprietary trading was unnecessary.
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The Securities Industry and Financial Markets Association is pressing the U.S. Federal Housing Finance Agency to merge additional operations of Fannie Mae and Freddie Mac.