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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GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
September 18 -
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
September 18 -
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17








