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Octopus Electric Vehicles has also added to its capital markets team
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UBS has named Sergio Ermotti as successor to Oswald Gruebel as ceo, effective immediately.
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Wyndham Worldwide has completed its $300 million Sierra Timeshare 2011-3 Receivables Funding LLC securitization.
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Alliance Data Systems has closed its $350 million World Financial Network Credit Card Master Note Trust.
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UBS and Citigroup are said to be teaming up to offer $750 million in commercial mortgage-backed securities, as early as next month.
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Ally Financial is said to be considering filing for bankruptcy protection for its Residential Capital unit as a way of limiting its exposure to the troubled mortgage lender.
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Goldman Sachs says it is facing lawsuits involving $15.8 billion in mortgage-backed securities, a thirtyfold jump from its estimate of $485 million just three months ago.
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Prices for non-agency residential mortgage-backed securities are at their lowest level compared with other products since 2008, according to Amherst Securities Group.
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PIMCO has named Stefano Risa as executive v.p. and head of mortgage and asset-backed analytics in the firm’s New York office.
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Residential mortgage-backed securities have racked up $350 billion in cumulative losses so far since the housing market began to collapse, about half of the total it may eventually sustain, according to FTN Financial.