Deutsche Bank announced the appointment of Greg Lippmann as global head of ABS trading and syndicate. Lippmann, who has been with the company since 2000, was most recently head of ABS trading and syndicate for North American and global head of CDO trading. Lippmann is based in New York and reports to Richard d'Albert, managing director and head of the securitized product group. Among other new for Deutsche Bank, Kevin Flaherty has been appointed European head of syndicate for ABS and Greg Branch has been appointed senior ABS trader in Europe, in addition to his current role as senior CDO trader. Both men will report to Lippmann, who will continue to manage the ABS and CDO trading desks in the U.S.
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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%.
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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