Rose Zhu has joined Cadwalader, Wickersham & Taft LLP’s Beijing corporate group as a partner, the law firm announced today. She is the fourth partner to join the firm's Asia practice since 2012.
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A 2007 commercial mortgage securitization has earned the dubious distinction of becoming the first deals to stop paying interest to the senior most class of bondholders, according to a special report published by Trepp late Friday.
March 18 -
Standard & Poor’s lowered ratings on 145 classes from 72 U.S. RMBS transactions that are insured by MBIA Insurance Corp. following the bond insurer’s Feb. 28, downgrade.
March 18 -
American Express priced the senior tranche of its latest credit card notes at Libor plus 28 basis points, according to a regulatory filing.
March 18 -
A March 13 settlement between 17 U.S. states, the District of Columbia, and Puerto Rico and several tobacco manufacturers should have a positive impact on cash flows for certain bonds backed by such payments, Fitch Rating said.
March 15 -
A deposit-insurance rule change that takes effect April 1 has been spurring issuance of collateralized loan obligations, according to Barclays.
March 15
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Banks are expected to start buying riskier portions of collateralized loan obligations in response to a deposit-insurance rule change that takes effect next month.
March 15 -
Moody’s Investors Service slammed its rival ratings agencies for their recent assessment of a CMBS deal backed by a single, large loan, the mortgage on the Altamonte Mall in Altamonte Springs, Fla.
March 15 -
General Electric Capital Corp. priced $766 million of notes backed by transportation equipment loans and leases; the eight-year triple-A tranche pays interest of 0.90% a year.
March 15 -
A group of investment banks, issuers, investors, law firms and rating agencies has formed the Structured Finance Industry Group (SFIG).
March 14 -
Pinebridge Investments said today it closed its first collateralized loan obligation of 2013 after upsizing the deal to $598 million.
March 14 -
The Alaska Student Loan Corporation is planning a securitization of Federal Family Education Loan Program Loans, according to a presale published today by Fitch Ratings
March 14 -
Ford Motor Credit priced a $1.032 billion auto lease securitization; the 1.08-year, AAA-rated tranche yields 15 basis points over the eurodollar synthetic forward rate.
March 14