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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Securitization broker-dealer Braver Stern Securities is seeking to replace five employees that have defected to Sandler O’Neill from its Chicago-based fixed-income sales and strategy desks, but is also “looking at alternatives,” according to Joseph Valentine, managing director, fixed-income trading.
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KA Finanz, the state-owned Austrian bad bank, expects to further reduce its securities and credit default swaps in 2011, according the Alois Steinbichler, its ceo.
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Santander Consumer Bank Germany has priced a €433 million ($625.6 billion) securitization backed by consumer loans.
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Wells Fargo is rumoured to be planning an investment arm to buy European asset-backed securities, similar to JPMorgan’s chief investment office, which has emerged as a major anchor of the region’s post-crash new issue market. -
Standard & Poor’s Ratings Services has downgraded 40 collateralized debt obligations of asset-backed securities initially valued at $16.65 billion.
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Deutsche Bank is planning to reorganize its operations in the U.S. to skirt new capital requirements.
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The Federal Reserve has announced formal enforcement actions against 10 banks over their “pattern of misconduct” and negligence related to residential mortgage loan servicing and foreclosure processing.
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Ford Motor Credit has offered $1.5 billion of five-year asset-backed securities with what has been called an unusual structure: It will convert to senior unsecured credit if two of the three major credit rating agencies raise its rating to investment grade.
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Proposed regulations for commercial mortgage-backed securities could result in “a dramatic curtailment of CMBS activity,” according to Morgan Stanley analysts.
