Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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Moody’s Investors Service has placed six major global banks on review for possible downgrade because of new economic and regulatory challenges that could have a negative impact on their profits and future growth.
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Law firm Chapman and Cutler last week hired six lawyers from the Washington D.C.-based structured finance team of Orrick, Herrington & Sutcliffe, with expectations of adding four more to the group in the next week or two, according to Chapman chief executive partner Tim Mohan.
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Alternative investment manager Aequitas Capital Management has expanded its asset-backed securities team with the hiring of Jonathan Wease, a v.p. of portfolio management and Brian Zeck as a managing director it its asset-management business.
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Spain’s Santander is close to deal to sell a EUR700 million ($927.8 million) portfolio of foreclosed properties to Morgan Stanley, according to the Spanish newspaper Expansion.
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UBS is said to be planning to issue contingent capital bonds to help raise capital to meet higher core Tier 1 capital standards, following the example of Credit Suisse and Rabobank.
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Denmark’s Nykredit, the largest issuer of mortgage-backed covered bonds in Europe, is planning to hold auctions this month and in March to refinance 109 billion kroner ($19.3 billion) of the bonds.
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Only 7.6% of investors accepted an offer from Portugal’s Banco BPI to buy back covered bonds at a discount, apparently because of the small premium.
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Oklahoma—the only state to opt out of the $25 billion settlement between government officials and the nation’s five largest mortgage servicers—has reached a separate deal with the lenders.
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New York-based law firm Chapman and Cutler has hired six structured finance partners for its new Washington, D.C. office.