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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A workout of commercial mortgage-backed securities has led to sale the Dutch EPI Orange portfolio of office and light industrial properties for EUR50 million ($65.17 million).
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BNP Paribas and Société Générale have said they are planning to cut bonuses globally by 52% and 44%, respectively, mainly in investment and corporate banking.
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London investment banks appear to be hiring more, as new job vacancies rose 9% in April from the preceding month but still off 27% from a year earlier, according to recruiter Astbury Mardsen. “
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Broker-dealer firm The PrinceRidge Group has added five directors to sales and trading positions to its mortgage-backed securities division; part of a recent expansion of the group led by senior managing director and head of U.S. residential mortgage-backed securities Barry Berkeley, who joined the firm from Sterne Agee & Leach in January.
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Rising default rates on automobile loans are driving Brazilian banks to cut back on lending.
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Ginnie Mae has ordered issuers of its mortgage-backed securities to make four additional pieces of data available to investors beginning in September.
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Panama’s Global Bank has pulled a planned $200 million five-year covered bond after investors are said to have pushed back against a small deal from a little-known financial institution.
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A lack of confidence in the models credit ratings agencies use to assess residential mortgage-backed securities and in the agencies themselves is stifling the U.S. housing recovery, according to Reason Foundation.
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The Federal Reserve of Bank of New York has launched another round of bidding for collateralized debt obligations in its Maiden Lane III portfolio.