SG Corporate & Investment Banking today announced that it is setting up an Italian derivatives institutional sales platform that brings together its equity and interest rates and credit derivatives capabilities. David Armstrong, previously head of the equity derivatives institutional sales team, will head the newly formed group. The Milan-based, 20-member team will provide Italian financial institutions, such as institutional investors and hedge funds, an array of derivatives products including credit derivatives and credit structured products, interest rate derivatives and interest rate structured products, structured products on equities and indices, structured products on alternative investments, warrants and exchange traded funds, and vanilla options on equities and indices.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
A cash trap account captures excess available funds if the senior debt service coverage ratio (DSCR) is less than or equal to 1.35x.
June 22 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
June 18 -
The A1A through A1-LCF tranches are expected to offer coupons of 5.84%, while mezzanine and subordinate coupons include 6.58% and 6.64%.
June 18 -
A potential end to the Iran War could lead to economic recovery, suggesting sub-6% rates may be far off as monetary policy discussions take a hawkish tone.
June 18









