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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Kenneth Rosenberg, director in asset-backed securities and structured products syndication at Credit Suisse, has joined Barclays Capital’s syndication team. Rosenberg’s hire is a new addition to BarCap’s ABS syndication desk and is not a direct replacement of any recent exits, said a spokesman at the firm.
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More European banks could follow Unicredit’s lead in offloading loan portfolios via the securitization market to boost capital ratios, according to London-based analysts.
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Achmea Hypotheekbank is planning to bring its second residential mortgage-backed securities issue in seven months.
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The latest round of stress testing has revealed that Spanish banks may need more capital than currently required in worst-case scenarios, according to Miguel Angel Fernandez Ordonez, governor of the European Central Bank.
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BNP Paribas has named Andrew Shapiro as head of loan syndications and trading as well as head of structured finance for the U.K.
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Clydesdale and Yorkshire Bank Corporate & Structured Finance has launched a new corporate asset finance team.
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A recent New York Supreme Court decision calls into question how mortgages are transferred and reported in securitizations and could have sweeping implications for mortgage foreclosure timelines, according to lawyers and market players.
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The National Credit Union Administration said it has completed its sale of legacy collateral it took on during the crash and isn’t planning anymore future sales, dashing banks’ hopes that there might be another $15 billion of legacy securitizations waiting on the administration’s balance sheet.
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Northern Rock’s newly rebooted securitization program is not expected to be affected by the planned reprivatization of the government-owned bank, according to London-based market professionals.