Principia Partners has appointed Mark Kahn as its EVP Sales. The new hire will be directly responsible for managing global business development and further strengthening the sales pipeline in the structured finance market. Kahn joins Principia with a highly successful track record in leading business development and managing client relationships in the structured finance trust, administration and servicing businesses at JPMorgan Chase Bank and Deutsche Bank. Most recently, Kahn managed the product and client services for Systems and Services Technologies, Inc., a wholly owned subsidiary of JPMorgan Chase and a part of the firm's worldwide securities services division. He also held various executive positions, managing business development for JPMorgan's CDO, Structured Investment Vehicle (SIV) and ABCP Conduit administration business units. Prior to joining JPMorgan, Kahn managed the ABCP and SIV Conduit administration businesses at Bankers Trust Co., where he was responsible for product development, operations, client management, administration and sales. Before that, he was a senior consultant at Arthur Andersen & Co.
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Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
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 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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