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RMBS

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  • Leads on Clydesdale Bank’s Lanark 2012-2 RMBS have released initial price thoughts and opened books, as the Scottish borrower begins a final day of US investor meetings.
  • Ben Logan, managing director at Markit, will leave the data provider July 20.
  • A new residential mortgage-backed trade in Europe is in the works and the issuer could be under pressure to get the trade out before the summer slowdown, according to London officials.
  • As the UK's Clydesdale Bank begins its second day of meetings with US investors for its Lanark 2012-2 RMBS, bankers expect the deal to benefit from being potentially the last publicly sold RMBS in the market until September.
  • Gleacher & Company Securities, the broker/dealer arm of investment bank Gleacher & Co., has continued its senior-level hiring push.
  • JPMorgan, Barclays and Bank of America Merrill Lynch continue to dominate the top three bookrunning slots, respectively, in global asset-backed securities this year, according league tables provided to SI by Dealogic.
  • The securitization market continued to gain speed in the second quarter of 2012, surpassing the first quarter as the strongest overall for the market since the financial crisis.
  • Secondary trading volumes in Europe rounded out the week light.
  • Clydesdale Bank on Thursday started a roadshow for UK and US accounts with an eye on its second sale of RMBS this year from its Lanark master trust.