Barclays Bank PLC made a couple of key appointments to its investment banking division, Barclays Capital, this week. It recruited Bill Archer as managing director and head of its U.S. leveraged credit risk group, and Vincent Breitenbach as managing director and head of credit research for the Americas. Working from New York, Breitenbach will oversee research for U.S. investment grade, high yield and securitization as well as corporate credit research for Latin America. He will report to Mark Howard, managing director and head of research at Barclays Capital. Archer will oversee the leveraged credit risk management team within the investment bank's Global Financial Risk Management department. Previously, Breitenbach was a managing director at Countrywide Financial Corp., where he oversaw fixed income investor and bank relations, rating agency relationship management and internal capital structure advice. He was also a managing director at Lehman Brothers, covering corporate bond research for specialty finance companies, U.S. banks and securities firms. Archer was a managing director and co-chairman of the capital markets committee at Goldman Sachs. He also worked at Deutsche Bank for three years and at Bankers Trust for 18 years before that. Archer, who started today, is based in New York and reports to Ian Prior, a managing director and chief credit officer for the Americas.
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GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
September 18 -
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
September 18 -
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17








