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Lloyd’s Banking Grouping today announced it will sell its first ever covered bond to third party investors.
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BNP Paribas is again tendering for residential mortgage-backed securities sponsored through its Spanish subsidiary Unión de Créditos Inmobiliarios.
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ICP Capital plans to transfer its domestic and international capital markets businesses to PrinceRidge, New York-based financial services firm set up by Dillon Read alumni John Costas and Michael Hutchins.
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International law firm Linklaters is moving into the Netherlands structured finance market, appointing Kees Westermann, partner at Clifford Chance, to its Amsterdam office.
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The European Central Bank’s plan to introduce loan level data reporting for primary issuance will not address the cause of Europe’s credit market collapse, according to a treasury official at a large U.K. bank.
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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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The European Central Bank’s plan to lend its €39.6 billion ($53.8 billion) of purchased covered bonds to the region’s investment banks will have a neutral affect on supply, according to a spokesman at the bank.
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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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Santander U.K. today gave out price guidance and the final size for its first primary residential mortgage-backed securities of 2010.
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The demands facing banks investing in structured finance products under the European Commission’s revised Capital Requirements Directive remain unclear, according to Rachel Kelly, partner at Clifford Chance.