CDOs/CLOs

The Financial Industry Regulatory Authority (FINRA) issued a trade reporting notice today regarding when to report ABS to the Trade Reporting and Compliance Engine (TRACE).

Assured Guaranty’s recent settlement with Bank of America allowed it to post much higher operating earnings in the first quarter compared with 2010, but actual business production fell about a third.

A CLO managed by BlackRock Financial Management, BMI CLO I, is expected to price this week, according to sources.

After boosting its securitized products origination group just last week, Barclays Capital has hired more personnel for its ABS operations.

Space Coast Credit Union, which filed suit last week against Barclays Capital over CDOs the investment bank sold to Eastern Financial Florida Credit Union, is expected to file similar suits over the next few weeks against other Wall Street firms in the 2009 failure of the one-time $2.4 billion credit union.

The New York State appeals court has ruled that the New York Insurance Department (NYID)must hand over e-mails and documents regarding the restructuring of bond insurer MBIA Insurance Corp.

Whether the New York Insurance Department (NYID) can appeal a ruling that ordered it to hand over e-mails and documents regarding the restructuring of bond insurer MBIA Insurance Corp. could be decided soon.

The commodities and listed derivatives firm under the guise of former New Jersey Governor Jon Corzine said today that it has taken steps to expanding its capital markets and institutional sales teams with the firm’s recent slew of new hires.

Ambac Assurance Corp.’s rehabilitation plan won’t take effect in May as planned, meaning that frozen claims on roughly $50 billion of risky assets will remain unpaid until further notice.

For years esoteric ABS kept its little brother status in a securitization market that was largely dominated by more conventional asset classes.