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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Portugal’s Banco BPI is planning to raise its capital ratio with a discounted buyback offer for a covered-bond issue, the second European bank to do so this year following National Bank of Greece.
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Morgan Stanley has been hit with lawsuits by two foreign banks over residential mortgage-backed securities.
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UniCredit is looking to boost its capital with an offer to buy back up to EUR3 billion ($3.9 billion) of Tier 1 and Tier 2 bonds.
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John Hourican, head of Royal Bank of Scotland’s investment bank and its highest-paid staffer, is under pressure to forgo £5.6 million ($8.8 million) of long-term bonuses that he is due according to his contract.
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Citigroup may cut back further in spending on its securities unit if revenue doesn’t improve this year, says John Gerspach, the bank’s cfo.
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Credit Suisse’s plan to award annual bonuses in part with structured notes is seen as a strategy that will allow the bank to remove toxic assets from its balance sheet that, if they remained, would mean higher capital charges as imposed by the Basel Committee on Banking Supervision.
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This could be the year regulation in the securitization sector makes the leap from being all talk to finally taking action, John Walsh, acting Comptroller of the Currency, said in the featured address at the ASF2012 conference in Las Vegas Tuesday.
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Cantor To Double ABS, Covered Bond Trading In Europe Cantor Fitzgerald is planning to double the size of its asset-backed securities and covered bond trading unit in Europe, adding a trader and around four salespeople to its London staff.
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Arming investors with information on the securitized products they buy is viewed as a key to maintaining market discipline, but that alone might not be enough, Adam Ashcraft, senior v.p. & head of structured product, Federal Reserve Bank of New York, said during Monday Global Securitization Policy Reforms panel.