Latest news
Latest news
Timeline of collapse that rocked the UK bridging loan market
As well as deals backed by new loans, it will call and refinance 2023 deals
Meanwhile, BNP Paribas hires in structured finance
More articles
More articles
-
The Senate Permanent Committee on Investigations has called on the Office of the Comptroller of the Currency to dismantle the Office of Thrift Supervision for its failure to act on lending and securitization risks before the onset of the financial crisis in 2008.
-
The year-long investigation into the role of U.S. and European banks played in manipulating the borrowing costs used to calculate the London interbank offer rate has now turned its attention to whether the banks colluded in how to report borrowing costs between 2006 and the onset of the crisis in 2008.
-
The Federal Reserve Bank of New York reports that it sold 37 of 42 of residential mortgage-backed securities issued by American International Group in the second auction of the bonds.
-
The delinquency rate on loans in U.S. commercial mortgage-backed securities deals slipped 2 basis points last month to 9.16%, according to Moody’s Investors Service.
-
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.
-
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. -
Nordea Bank today launched a tender offer to buy back a tranche of notes from its pan-Nordic commercial mortgage-backed deal Midgaard Finance, which securitizes a pool of office properties in Norway, Sweden and Finland.
-
Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, says the nation’s largest banks should be reclassified as government-sponsored enterprises as a result of the bailouts they received during the financial crisis.
-
Sen. Orrin Hatch (R-Utah) has called on Treasury Secretary Timothy Geithner to put implementation of Dodd-Frank on hold until foreign countries pass similar measures.
