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
More articles
More articles
-
Law firm Mayer Brown has hired David Stewart, an expert in commercial mortgage-backed securities, as a partner in its real estate practice in New York.
-
StormHarbour recently hired Shammi Malik as head of European asset-backed securities trading in its London office.
-
A German High Court judge has ruled that Commerzbank must pay EUR50 million ($65 million) in bonuses to 104 former Dresdner Kleinwort bankers in the U.K. according to their 2008 agreement, rejecting claims that the lender’s massive losses should free them from the obligation.
-
Barclays has named Sharon Quinlan as head of structured property debt finance in London.
-
New York Supreme Court Justice Charles Ramos of Manhattan has rejected a motion by JPMorgan Chase to dismiss a lawsuit by Syncora Guarantee that charged Bear Stearns, now owned by JPM, made false and misleading statements in connection with the sale of mortgage-backed securities.
-
Prudential Financial has filed suit against Morgan Stanley related to the investment bank’s sale of $1 billion in residential mortgage-backed securities to the insurer.
-
Bank of America has launched its program to reduce principals on mortgages by contacting some 200,000 borrowers by mail, inviting them to participate.
-
Ginnie Mae expects in coming months to issue new standards that will make it more difficult for a lender to be approved as an issuer of mortgage-backed securities, according to Michael Drayne, senior v.p. of the agency.
-
Daiwa Capital Markets has hired Michael Marsallo and Mark Schultz as co-heads of its mortgage-backed pass-through desk.