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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Ambac Financial Group and its insurers have agreed to pay $27.1 million to settle charges by investors that it concealed the subprime mortgage involvement of its bond-insurance business and raised the prices of its securities by providing the market with allegedly misleading information.
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Morgan Stanley has reached a settled with U.S. Bank over its role in Tourmaline CDOI and involving a credit default swap agreement with the CDO.
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Credit Suisse has scooped up Roger Lehman, the head of commercial mortgage-backed securities research away from Bank of America, as part of its move to reboot its CMBS group (TS, 4/21).
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Broker-dealer MF Global Holdings has added three new sales recruits to its securities team in the advent of a four-fold expansion as it builds up its mortgage- and asset-backed securities team.
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BNY Mellon has named James Slater to succeed Katy Rulong as global head of securities lending, when she retires in July.
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The Government Accountability Office has called on federal banking regulators and the Consumer Financial Protection Bureau to work together to develop foreclosure standards for servicers.
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Barclays Capital is adding three new members to its structured products origination group, hiring Emile Ernandez as a v.p. from Deutsche Bank, Matthew Brand as an associate from Credit Suisse and Ravi Suresh as an associate from UBS.
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The majority of European fixed-income investors (87%) expressed concern over banks’ growing use of covered bonds, according to Fitch Ratings.
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Clydesdale Bank Corporate & Structured Finance has hired Paul Hambrook as a director in the firm’s London office.