Derivatives and securities dealer Conduit Capital Markets appointed Rakesh Chhabra as chief financial officer. Chhabra was previously finance manager at Knight Equity Markets International Ltd. (KEMIL) where he oversaw corporate accounting. Rakesh joined Coopers & Lybrand in 1994. He moved to Mesirow Europe in 1997 before joining KEMIL in 2002. Processing Content
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The American Bankers Association, Bank Policy Institute and Securities Industry and Financial Markets Association submitted comment letters to the Securities and Exchange Commission arguing that a proposed change to Form S-3 eligibility would make it more difficult for some banks to access the capital markets.
2h ago -
Some market participants are taking a 'hawkish hold' FOMC reading coming out of the July meeting, even as they adapt to a quieter intermeeting chairman.
3h ago -
Positive changes in credit provisions contributed to a multiyear high in net income as the GSE and its rival fought to purchase lenders' single-family loans.
6h ago -
Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.
July 29 -
Notes are expected to pay coupons of 4.05% on the notes rated R-1 (high) (sf) and 4.59% and 4.79% on the A1 and A2 notes, respectively.
July 29 -
The approvals expand BSI's ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, the company said.
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