The Structured finance indices stabilized going into February, with noticeable recoveries in the both the CMBX and TRX.NA indices.
London-based advisory Panaxia Capital Management has hired Vera Spiridopoulo, formerly a director in emerging market securitization at Deutsche Bank.
A tax proposed by President Obama to recover bailout money from financial institutions may cost the U.K.’s three largest banks a combined £6.7 billion ($11 billion) or more.
Interest payments on new U.K. mortgages hit their lowest level in five months in November, according to the Council of Mortgage Lenders.
AMP Bank, the Australian lender that is part of AMP Group, reportedly is planning a sale of A$543.5 million ($502.2 million) in residential mortgage-backed securities.
Allied Irish Banks has refused to disclose how much it may lose from two loans it made in the U.S. that have soured.
Wilbur Ross, the billionaire investor, reportedly may team up with Virgin Money to bid on Northern Rock, the U.K. government-owned lender.
UBS has picked up a slew of senior credit staffers formerly at Credit Suisse.
Improving conditions in the European asset-backed securities market could drive investment banks to sell an estimated €1.1 trillion ($1.6 trillion) of securities submitted as repurchase agreement collateral with the European Central Bank.
The Loan Syndications and Trading Association will host a conference in Tokyo on Feb. 2 to promote loans to investors there.
Hearings on how to restructured Fannie Mae and Freddie Mac are scheduled to be held this year, according to Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.
The latest figures to be released on the volume of Home Affordable Modification Program trial and permanent loan modifications show that through the end of November, the number of permanent modifications totals only 31,382 despite a cumulative total of 697,026 trial plans offered to borrowers in the seven months since May.
—Jim Mountain, partner at Deloitte & Touche, on the practice issues in dealing with FAS 166 and 167.
Lenders for Freescale Semiconductor were girding to fight an amendment that would allow the company to issue $1 billion in debt under an accordion feature on its term loan.