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Securitization People and Markets

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  • Deutsche Bundesbank is planning to sell EUR1.8 billion ($2.3 billion) of property loans it still holds following the collapse of Lehman Brothers.
  • David Kotz is leaving as inspector general of the U.S. Securities and Exchange Commission at the end of this month after four years to join a private investigative services firm.
  • The largest U.S. banks are returning to consumer lending to make up for lost revenue from in-house investment trading.
  • The Bank of England has proposed forming an in-house committee that would monitor and assess the central bank’s process for making policy decisions that involve financial stability.
  • Deutsche Bank says its exposure to distressed Spanish real estate, including bad loans, repossessed property and mortgages, has reached EUR8.7 billion ($11.02 billion).
  • Three Turkish banks have tapped UniCredit Menkul Degerler to sell covered bonds for them in 2012.
  • Clydesdale Bank and Yorkshire Bank have announced they are pulling out of commercial real estate lending, though they will continue to operate in the residential market.
  • Apollo Commercial Real Estate Finance has retained Wells Fargo to refinance all of its outstanding debt under the Federal Reserve Bank of New York’s term asset-backed securities loan facility program.
  • The Consumer Financial Protection Bureau has issued mortgage origination examination procedures, a guide for field examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.