Rabobank Internationalhired Ronald Grobeck as a managing director in the firm's CDO group, where he will be responsible for the overall management of Rabobank's corporate CDO fund vehicles, including portfolio management, trading, structuring, analytics, and operations. He reports to Sheldon Sussman, global head of structuring and portfolio management at Rabobank. Grobeck joins from The Carlyle Group, where he was a managing director and head of marketing and investor relations in the leveraged finance group.
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Other studies have found fewer credit pulls could be viable, but this shows millions more would be adversely impacted than in a bi-merge.
5h ago -
Overall, new 60-day-plus delinquencies totaled $2 billion, up from $1.69 billion in August, while maturity defaults accounted for half, or 51% ($1.05 billion) of new delinquencies.
8h ago -
Karsten Giesecke and Michael Karol join Morriello to represent clients such as lenders and private equity funds in transactions including RMBS, CMBS, franchise loans and esoteric assets.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Ford Credit Floorplan pays a fixed rate to ABS investors, while the dealers' assets pay a rate pegged to the flexible prime rate, so there is the potential of eroding excess spread.
October 17 -
The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
October 16