Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
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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.
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U.S. Bank Global Corporate Trust Services named senior v.p. Tom Cubitt head of European corporate trust business in London.