Consumer ABS

William Isaac, former Federal Deposit Insurance Corp. (FDIC) chairman and an opponent of the mark-to-market accounting regime proposed by the Federal Accounting Standards Board (FASB), believes the recently announced proposal to expand the regulation may cause a dire and difficult situation for already struggling lenders.

Credit performance managed to improve slightly in European structured finance transactions in 1Q10 as the number of upgrades rose for the first time in several quarters, according to Standard & Poor's.

The Obama administration continued to push its priorities Thursday on what provisions should be included in the final regulatory reform bill.

Swiss Re Capital Markets completed a $150 million of insurance linked securities issued by Blue Fin Ltd. The structure covers U.S. hurricane and earthquake risk.

Zipcar has completed a $70 million ABS program led by Credit Agricole.

For U.S. bankers, it is easy to ignore the London interbank offered rate when times are good. Now is not one of those times.

Fitch Ratings said that its latest European fixed-income investor survey clearly captures rising worries about the eurozone. The results of the quarterly survey, which was conducted in April, are published today.

Fred Terrell has rejoined Credit Suisse as vice chairman of investment banking, effective next week. Terrell will report to Jim Amine , managing director and co-head of the global investment banking department.

Markit has extended the range of instruments covered by its Portfolio Valuations service to include structured products.

The Senate appointed conferees on Tuesday to negotiate differences with the House on regulatory reform legislation and craft a final bill.