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Global SF downgrades moderate
Fitch says the number of negative structured finance (SF) rating actions in Q110 was lower than the...
News Round-up 28 April 2010 -
Strong interest anticipated for new CDO liquidations
A number of ABS CDOs are due to be liquidated in the coming weeks, creating the la...
News 28 April 2010 -
ABS trader promoted
Deutsche Bank has promoted Pius Sprenger to head of trading for ABS and CDOs. He takes over from Gre...
Job Swaps 21 April 2010 -
Experience required
ABS recruitment trends assessed
As confidence gradually returns to the structured finance market, the associated job market is also...
News Analysis 21 April 2010 -
UBS marketing new CSO
UBS and M&G are in the market with a new CSO dubbed Ocelot III, according to an investor. As...
News Round-up 21 April 2010 -
Bank Trups CDO defaults, deferral times up
Fitch says seven new bank defaults caused US bank Trups CDO default rates to hit 11.6%. There are 10...
News Round-up 21 April 2010 -
APAC upgrades match downgrades
Fitch downgraded 25 Asia Pacific securitisation tranches (including public, private, international a...
News Round-up 21 April 2010 -
AIG mulls possible legal action against GS
AIG is considering legal action against Goldman Sachs in order to recover losses incurred on US$6bn...
News Round-up 21 April 2010 -
Market reaction
Goldman CSO fraud hard to prove
The SEC's decision to bring fraud charges against Goldman Sachs in relation to Abacus 2007-AC1 CSO (...
News Analysis 21 April 2010 -
SEC brings fraud charges against GS
The Securities and Exchange Commission (SEC) on 16 April filed securities fraud charges against Gold...
News Round-up 20 April 2010 -
SF CDO senior investors recoup 70%
The liquidation of US structured finance CDO Gennaker I resulted in a recovery of approximately 70%...
News Round-up 14 April 2010 -
Structured credit consultancy minted
Centerline Capital Group md and Centerline Financial coo Jack Chen has launched a new consultancy ca...
Job Swaps 14 April 2010 -
Analytics vet to lead portfolio risk advisory
Chad Burhance has been appointed md and head of NewOak Solutions, leading its expansion in complex s...
Job Swaps 14 April 2010 -
CSO return?
New deal eyed as more in the offing
A new CSO marketed by JPMorgan and managed by AXA Investment Managers, which has yet to get out of t...
News Analysis 14 April 2010 -
Bank hires credit sales specialists
Deutsche Bank has appointed Casey Talbot as md and head of high grade credit sales, and co-head of c...
Job Swaps 14 April 2010 -
Lack of consistency
Managers and investors moving beyond the ratings issue
Consistency between CDO rating methodology changes appears not to have transpired, with the market l...
News Analysis 14 April 2010