Deutsche Securities appointed David Shrenzel as head of global banking in Japan effective from Feb. 1, 2008. Shrenzel assumes the post from David Hatt, President & CEO of Deutsche Securities, who has held the post on an interim basis. Shrenzel remains a co-head of the global capital markets division at DSI with Yuji Nomoto, a position Shrenzel has held since April 2007, but is succeeded by Aaron MacDougall as head of global credit trading at Deutsche Securities, a post Shrenzel has held since September 2002. Shrenzel originally joined Deutsche Bank Group in March 2000 as head of the global ABS credit products group in New York. Before that, he spent seven years with the asset securitization business at Credit Suisse. MacDougall joined Deutsche Bank Group in June 2000 as a senior trader in the global credit trading business and, prior to this appointment, was the head trader across Deutsche Securities' flow, structured and exotic corporate credit trading and convertible bond trading businesses. Before he joined Deutsche, MacDougall worked in fixed income derivatives, credit trading and structuring at Bankers Trust and at Morgan Stanley.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
With a high proportion of fixed-rate, interest-only underlying loans, the notes have almost no amortization, and three CRE loans have standalone, investment-grade opinions.
April 19 -
The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
April 18 -
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17