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Octopus Electric Vehicles has also added to its capital markets team
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CEMEX has announced the roll-over of its accounts-receivable securitization in Mexico.
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Fitch Ratings has lowered the ratings on four classes of commercial mortgage-backed securities issued in 2002 by JPMorgan Chase because of potential losses linked to specially serviced loans and loans that were unlikely to refinance when they mature.
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The U.S. Department of Justice is investigating Citigroup’s mortgage origination, servicing, sale and securitization practices, according to the bank’s regulatory filing with the U.S. Securities and Exchange Commission.
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Bank of New York Mellon said it will reduce its workforce by 3%, or 1,500 jobs, as expenses have outpaced revenue.
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Fannie Mae has agreed to buy part of Bank of America’s home mortgage portfolio as the bank works to unload assets and reduce its exposure in the sector.
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Bond insurer MBIA says that since the end of the first quarter, it has reached an agreement with five counterparties to tear up $8.7 billion in multi-sector collateralized debt obligations and investment-grade corporate CDOs
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Crédit Agricole Corporate and Investment Bank has expanded its New York-based loan syndications group with the hiring of Jean-Michel Fatovic and Federico Fiorentini as directors.
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Craig Colenso, head of asset-backed securities trading at UBS in London, has left the firm.
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Agency residential mortgage-backed securities rallied after President Barack Obama inked a debt ceiling agreement into law yesterday, building on the gains sparked Monday by the news that a compromise was near.