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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Citigroup has won a prestigious mandate to help Pimco buy £4.8bn of mortgages from the British government’s bad bank, UK Asset Resolution. It was victorious partly because it was able to get comfortable with holding the ‘risk retention’ in the deal, something only Barclays and Goldman Sachs have done so far. With UKAR gearing up to sell its last £8bn of assets and shut up shop, other banks may need to follow suit. Owen Sanderson reports. -
House prices in some advanced and emerging countries are at risk of a crash that could trigger a new bout of financial volatility, the International Monetary Fund warned on Thursday. It said that governments should tighten financial rules rather than hike interest rates to take steam out of the market, in an analysis published ahead of the spring meeting of its 189 country members next week.
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SG hires UK global markets head — Former financials bankers look to create bond platform — Credit Suisse hires for securitization sales
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A number of important bankers have quit Barclays. The exodus follows the departure of Tim Throsby, chief executive of Barclays International and Barclays Bank, and staff receiving their annual bonuses.
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CCR Re, a French reinsurer, has issued the first insurance-linked securities (ILS) trade to be governed by French law. Those on the deal spoke of starting up an ILS market in the country, as the UK — which introduced its own ILS law less than 18 months ago — grapples with Brexit.
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Barclays’ head of private loan sales has quit the bank. GlobalCapital can also reveal that Peter Jurdjevic, the bank’s head of global finance solutions, who we reported is leaving the bank earlier on Wednesday, is joining the Qatar Investment Authority as head of FIG.
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The Irish central bank hit out this week at a bill proposed by Irish political party Sinn Féin that could put an end to securitization and covered bond activity in Ireland, arguing that the bill could “slow or even reverse” an easing Irish mortgage market and “[increase] the cost of doing business in Ireland”.
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A vice president in global credit trading at JP Morgan has left the bank.
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Two capital markets specialists have founded an electronic auction platform for issuing benchmark bonds.
