CDOs/CLOs

Two weeks after the Securities and Exchange Commission (SEC) leveled fraud charges against Goldman Sachs, the financial giant is said to be mulling settlement talks with the regulator, according to Fox Business Network.

The Securities and Exchange Commission's (SEC) suit against Goldman Sachs centers on the allegation that the Wall Street firm failed to disclose to investors the role an opportunistic hedge fund, Paulson & Co., played in choosing the assets underlying a CDO, before betting against it.

Highland Capital Management has promoted Patrick Boyce and Lane Britain to partner. Boyce is currently chief operating officer and chief financial officer at Highland; Britain is a portfolio manager and co-head of research at the firm.

Goldman Sachs’ top managers told equity analysts at Bernstein Research that their firm has not lost many customers in the wake of a Securities and Exchange Commission (SEC) lawsuit.

New Mexico District Judge Stephen Pfeffer has dismissed a pay-to-play suit filed by former Educational Retirement Board (ERB) Investment Officer Frank Foy and the state watchdog on grounds that the claims and alleged wrong doing pre-date the pertinent state law.

The Carlyle Group has acquired $4.2 billion worth of CLOs and $950 million worth of managed accounts from Stanfield Capital Partners, increasing the size of its credit assets under management to $18.1 billion from $13 billion.

Moody's Investors Service took negative rating actions on 30 structured finance transactions backed by Greek assets.

Collateralized debt obligations were never the main avenue for the sale of banks' trust-preferred securities. But it's on such credit-market side streets where their buyers — fellow banks, especially small ones — have gotten mugged.

The last time the bank loan market saw a spattering of new CLOs, Twitter was just getting started and Britney Spears was still growing back all of her hair. Now, the details of four new CLOs have begun circulating, one of which will consist of new loans, a source familiar with the deal said.

Deutsche Bank named Pius Sprenger as head of trading for ABS and CDOs, replacing Greg Lippmann, according to a report from Bloomberg, which quoted two people familiar with the matter who declined to be identified.