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Latest news
PAG also hires new vice president
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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Pierre Trecourt, head of credit markets and collateralized debt obligations for Asia Pacific at Calyon in Hong Kong, has relocated to London for a promotion as global head of credit structuring.
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UBS's merging of its investment grade, high yield and loan operation will see the business run under one banner headed by Brendan Dillon and Sean Dowd in the U.S.
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TIAA-CREF has recently added three mortgage-backed securities analysts, replacing departures from last year.
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Société Générale expects to write down €2.05 billion ($3.01 billion) in its fourth quarter results due to subprime-related exposure, joining other European banks suffering from the subprime meltdown.
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Credit Suisse has slashed its European asset-backed business to a team of just four from 24.
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Deloitte & Touche is said to be restructuring and downsizing its U.S. securitization group, according to a source familiar with the situation.
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Robert Palache, the head of the European securitization and asset monetization group at Morgan Stanley, has left the firm.
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Standard & Poor’s today placed on negative watch four AAA tranches from three Ambac-insured collateralized debt obligations as CDO illiquidity continues to plague monoline insurers.
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Bank of America suffered trading losses of $5.44 billion in the fourth quarter driven by write downs of collateralized debt obligations and general weak trading results.