CDOs/CLOs

Shares of MBIA jumped by nearly one-third in the last week as traders bet that the bond insurance holding company will win or settle a series of lawsuits.

U.S. Bank National Association, which is U.S. Bancorp's lead bank, has completed the purchase of the domestic and European-based securitization trust administration businesses of Bank of America. The deal closed on Dec. 30.

Ever since private-label MBS litigation began, aggrieved investors have faced an uneasy trade-off between cost and thoroughness: They must prove their losses stem from systemic underwriting flaws, but they can ill afford the time and money required to bicker over how each loan was underwritten.

Eversheds has appointed structured finance and derivatives lawyer Kingsley Ong as partner in its Hong Kong banking and finance team.

Though the Basel II process to write new international capital standards lingered for nearly a decade, its successor has come a remarkably long way in just the past year.

Recent attacks on securitization have centered on its legal soundness.

When a prominent investment banker recently predicted another 300 banks would fail from wounds inflicted during the financial crisis, some investors in trust-preferred securities hailed his comments as good news.

Leveraged loan issuance doubled in 2010 and is expected to continue at a healthy pace in 2011, according to a report published by Bloomberg today.

Stagnant insurance laws that don’t allow for needed innovation are preventing a revival of the bond insurance industry, according to executives from the BondFactor Co. start-up.

Pramerica Investment Management is assuming management of a CLO previously overseen by Aladdin Capital Management UK, according to a Moody’s Investors Service report.