Latest news
Latest news
Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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RBS Securities has named Tom Majewski as managing director and head of collateralized loan obligation origination in its asset-backed finance team in the Americas.
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The U.K.’s Financial Services Authority and the Swiss Financial Market Supervisory Authority are planning to conduct an independent investigation into UBS’ losses stemming from alleged unauthorized trades by Kweku Adoboli.
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The U.S. Securities and Exchange Commission has unanimously voted to propose a plan aimed at eliminating the types of conflicts that were at the center of a lawsuit against Goldman Sachs over its ABACUS 2007-AC1 collateralized debt obligation.
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Citigroup is said to be looking to unwind more than $2.2 billion in collateralized loan obligations it created as part of its plan to dispose of collateral held in Citi Holdings, the “bad bank” it set up.
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Bank of America is said to be considering bankruptcy for its Countrywide Financial unit if losses from litigation against the troubled lender could hurt the parent company.
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Deutsche Bank is losing a second top securitization staffer with the departure of Cyril Courbage as managing director and head of European real estate.
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Proposed financial regulations by the Independent Commission on Banking have prompted Santander to postpone an initial public offering of 20% of its U.K. operations until 2013 at the earliest.
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DBRS has expanded its European structured finance group with the hiring of David Sánchez Rodríguez as an assistant v.p., focusing on Spain and Germany.
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Collateralized loan obligation veteran Paul Travers has joined Onex Credit Partners as a portfolio manager focusing on the firm’s par and long-only loan strategies.