Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
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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.
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Bank of America has launched its program to reduce principals on mortgages by contacting some 200,000 borrowers by mail, inviting them to participate.
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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.
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Daiwa Capital Markets has hired Michael Marsallo and Mark Schultz as co-heads of its mortgage-backed pass-through desk.
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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.