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
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Issuers kicked off the week strong Monday breaking a two-week quiet spell for the asset-backed securities primary market, with over $2.94 billion in bonds rolling out to investors.
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Barclays Capital has priced its eighth residential National Credit Union Administration transaction, a $1.165 billion deal called NCUA Guaranteed Notes Trust (NGN) 2011-R5.
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Spreads in the secondary European securitization market are continuing to tighten, even as limited bids wanted in competition drive paper one and five basis points tighter from the first week in April.
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Investors are setting up real estate investment trusts in a bid to take advantage of the changing regulatory landscape, according to market officials.
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Bank of America has shuffled its compliance team, moving its global compliance risk boss to a post in the bank’s efforts to manage the continuing fallout from subprime loans it took on as part of its 2008 purchase of defunct mortgage firm Countrywide Financial.
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The European Banking Authority has set a core Tier 1 capital ratio of 5% for banks to pass the next round of stress tests, a level the EBA says is comparable to that in the U.S.
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Europe is expected to top the U.S. for the first time in the amount of distressed debt banks need to sell, according to Strategic Value Partners.
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Citigroup’s Australian unit has launched a A$760 million ($800.8 million) offer of residential mortgage-backed securities.
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The Dubai Department of Finance is planning a $800 securitization linked to future revenues from Salik, the emirate’s road-toll system.