Latest news
Latest news
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
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The Spanish government is considering the creation of a bad bank to hold financial institutions’ toxic assets but says the transfer would be voluntary for now.
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The Royal Bank of Scotland says it is will repay the final portion of the £163 billion ($263.3 billion) in loans it received through the U.K. government’s Credit Guarantee Scheme.
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The ceos of top Wall Street banks have complained to Federal Reserve Governor Daniel Tarullo that recent stress tests conducted by the central bank used a scenario that overstated their losses, and that proposed counterparty credit limits likewise overstated banks’ exposure to each other.
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Société Générale reports that profits in the first quarter dropped 20% to EUR732 million ($962.5 million) from a year earlier, largely because of a revaluation of its debt and loses from the sale of a corporate loan portfolio.
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Austrian bank Hypo Noe sold a EUR500 million ($657.5 million) no-grow 10-year covered bond, which attracted an orderbook three times that size from 100 investors.
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Prytania Investment Advisors has launched the Metreta Fund, a liquid structured finance fund that it says will provide low-risk but liquid returns from investments in senior tranches of asset-backed securities.
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The Federal Reserve Bank of Dallas supports tough standards for banks that request a taxpayer-funded bailout.
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Barclays Sells Its Largest U.S. Covered Bond Barclays has sold $2 billion of its latest covered-bond, its largest ever in the U.S. and twice the size of its previous bond, offered in September 2010.
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Morningstar has indicated it will take a closer look at how mortgage servicers operate, including how they handle cash flows to investors and foreclosure time limes.