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Latest news
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
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AIG Financial Products has filed suit against ICP Asset Management, charging fraud in connection with collateralized debt obligations.
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Jefferies has hired Amin Arjomand as a managing director and Nathaniel Morse as managing director and senior v.p. in distressed sales.
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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.