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Court case outcomes in the U.S. could improve the credit quality of all global monoline-wrapped MBIA Insurance securitizations.
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Advisors Asset Management is setting up an institutional platform in its broker-dealer focused on mortgages and structured credit, municipal bonds and corporate bonds.
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Carlos Mendez, global head of capital markets, and Robert Roberto, head of U.S. sales and trading, have left ICP Capital.
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Cash collateralized debt obligations chalked up the biggest chunk of trading losses for investment banks in the U.K. over the financial crisis—36.6% of the total against 7.61% for bespoke credit derivatives.
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European bank’s injecting liquidity into their distressed sponsored deals via liquidity facilities could be forced to hold the same amount of highly liquid assets on balance sheets.
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European markets could see a flood of asset-backed and mortgage-backed securities as defaulted collateralized debt obligations are liquidated and their collateral is sold off.
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Lehman Brothers Special Financing is planning legal action to reclaim billions of dollars it says may have been improperly paid to collateralized debt obligation noteholders, its lawyers said in a U.S. bankruptcy court filing yesterday.
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Guggenheim Capital Markets has added Marc Steinberg as a managing director in collateralized loan obligation sales and trading.
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A slew of industry organizations submitted comment letters in response to the Federal Deposit Insurance Corp.’s proposed new rules on safe harbor today, the deadline for such comments.
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Vertical Capital last week conducted the largest liquidation of a collateralized debt obligation to date.