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The European Securitization Forum (ESF) and the Securities and Financial Markets Association (SIFMA) hosted a seminar last week investigating the explosion in U.S. subprime litigation and what implication it had for European market participants.
July 21 -
It's looking more likely that the credit derivative product company (CDPC) Athilion Capital Corp. will be downgraded over the short term. Until now, CDPCs had been relatively unaffected by the credit crunch, but the latest action on Athilion will bring this sector under the spotlight.
July 21 -
Primary issuance and secondary trading remained light last week as Fannie Mae and Freddie Mac uncertainties continued to weigh on the ABS market's mood. This is despite U.S. Treasury Secretary Henry Paulson's rescue plan that will, in essence, guarantee the GSE bonds by buying equity stakes in these companies and boosting the lines of credit available to them.
July 21 -
Deerfield Capital has acquired the management contract for Robeco CDO II, according to todays release.
July 21 -
Baker & McKenzie has hired Hans Montag as partner in its New York office. Montag joins the law firm from the New York office of Clifford Chance where he worked for almost ten years.
July 18 -
Alcentra, a specialist investor focused on subinvestment-grade debt, is moving one of its top managing directors from London to New York to lead its U.S. leveraged loan business, according to the Financial News.
July 15 -
The recent departure of Noel Kirnon, global head of structured finance
July 11 -
As deal flow has fallen silent in the subprime mortgage and CDO markets, forecasts that ABS is in its death throes have grown louder and more confident.
July 11 -
Standard Chartered Bank has completed Start V CLO, its fifth CLO transaction under its Start CLO series.
July 10 -
Year to date as of 08/16 Term (days) 08/10 08/11 08/12 08/13 08/16 1-week
July 9
