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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Originators of asset-backed securities and investors form across Europe have formed The Market Group to coordinate the creation of a European ABS data warehouse.
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Jefferies has expanded its European real estate investment-banking team with the hiring of Michael Old as managing director.
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Santander has seen its gross-lending market share in the U.K. drop to 14.4% in the first quarter compared to 20% a year earlier.
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Ben Bernanke, chairman of the Federal Reserve, said the central bank will continue reinvesting proceeds from maturing mortgage-backed securities to help maintain its balance sheet even after the bond purchase program ends in June.
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Standard & Poor’s has stress tested mortgage-backed securities rated CCC or lower, or not rated.
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Performance of U.S. automobile asset-backed securities has been little affected by rising gases prices and parts shortages as a result of the Japanese earthquake and its aftermath, according to Fitch Ratings.
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Space Coast Credit Union has filed suit against Barclays and State Street over losses it says it suffered from a collateralized debt obligation that it claims is similar to one sold by Goldman Sachs in 2007, which was subject of fraud suits.
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Consumer Portfolio Services has closed its first senior subordinate asset-backed securitization of 2011, and it’s second since 1993.
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Barclays Capital is set to buy back some $12 billion of collateralized loan obligations and U.S. residential, mortgage-backed securities as new capital rules have made it more costly to keep them off its balance sheet.