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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Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23