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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Bank of America has made a motion to disqualify the law firm of Quinn Emanuel Urquhart & Sullivan as counsel to American International Group in its lawsuit against the bank and other financial institutions over alleged misrepresentation of mortgage-backed securities.
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JPMorgan Chase now tops Bank of America as the nation’s largest bank in assets based on third-quarter earnings reports.
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Clayton Holdings has formed a new securitization group, which it says will “helping the private market prepare for the return of non-agency residential mortgage-backed securities.”
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A new mortgage plan being kicked around between big banks and regulators left ABS East attendees with plenty of questions.
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The Swiss Financial Market Supervisory Authority and the U.K. Financial Services Authority are launching a “comprehensive independent” investigation into the events surrounding $2.3 billion of losses at UBS as a result of unauthorized trades.
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Nomura has hired named Munish Varma as global head of structured lending and special situations.
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Bank of America is planning on reducing its work force in New York City by 324 jobs beginning at the end of November as the bank looks to lower expenses after it lost half of its market value.
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Splitting the government-sponsored enterprises into old and new companies, with the “old cos” holding legacy mortgage loans backed by a government guarantee and the “new cos” originating loans without government backing, is the first step to giving the mortgage-backed securities market a fresh start, said James Lockhart, vice chairman at WL Ross & Co., in Monday’s keynote address at ABS East. -
The simplicity embraced by E.U. regulators should be an example to their U.S. counterparts, according to panelists at ABS East’s Global Regulatory Initiatives and the Broader Impact on U.S. Securitization Practices session.
