CDOs/CLOs

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.

ABS investors' search for yield has taken them to an interesting place, where products that were once marginal are now the main attraction. In vogue are decidedly esoteric deals, ranging from whole business securitizations to structured settlement transactions.

European securitization market players will apparently put more "skin-in-the-game" than their U.S. counterparts if U.S. regulatory requirements for risk retention move ahead as written.