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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Ginnie Mae reports an 8% decline in the volume of mortgage-backed securities it guaranteed in March. While issuance of Ginnie Mae I and Ginnie Mae II single-family pools fell, pools of reverse mortgages rose by about 8%.
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Jefferies has expanded its fixed income division with the hiring of Paul Kopsky as a managing director in its military housing mortgage business.
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Credit Suisse has restructured its commercial mortgage securitization desk, separating the powers of origination from its underwriting functions to insure the originate-to-distribute model doesn’t drive the newly rebooted platform.
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The Swiss Federal Council has approved a series of stricter regulations for systemically important banks.
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FTC Capital, A Vienna-based asset manager, has filed suit against 12 U.S., European and Japanese banks for allegedly conspiring to manipulate the London interbank offered rate and limit trading in LIBOR-based derivatives from 2006 to 2009.
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The tougher capital requirements for banks adopted by the Basel Committee on Banking Supervision could have a negative impact on financial institutions’ ability to provide loans to governments and developers involved in infrastructure improvements.
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Peter Hirsch, former head of G-10 and emerging markets rates trading in the Americas at Standard Chartered Bank, has joined RBC Capital Markets, the investment banking arm of the Royal Bank of Canada.
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Rohit Kumar, former director and head of agency collateralized mortgage obligation trading at Barclays Capital, has moved to UBS to run its collateralized mortgage obligation trading desk, according to a market official.
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The sweep of regulatory reforms affecting securitization in Europe and the U.S. still carries the risk of regulatory arbitrage thanks to differences in policy between the two regions, market professionals warned Tuesday.