PEOPLE
Karen Weaver and Fred Brettschneider have been promoted to managing directors in the asset-backed securities department of Credit Suisse First Boston. Weaver will be the head of securitized assets research and Brettschneider will be the head of ABS trading.
Stephen E. Cummings and W. Barnes Hauptfuher will jointly lead the Capital Markets Division at First Union Securities. Previously, Cummings and Hauptfuher co-headed the Investment Bank at First Union.
CALENDAR
February 9-12 in Phoenix, AZ: Frank J. Fabozzi, Inc./InformationManagementNetwork present The Fifth Annual Summit On Asset Securitization 2000. For more information please call (212) 768-2800 ext 1.
February 13-16 in Scottsdale, AZ: Strategic Research Institute presents The 7th Annual Asset Securitization 2000 Symposium. For more information please call 1-800-599-4950.
February 24-25 in New York City: Frank J. Fabozzi, Inc/InformationManagementNetwork present CBOs, CLOs, CDOs Forum 2000. For more information please call (212) 768-2800 ext 1.
MISCELLANEOUS
Salomon Smith Barney is rumored to be coming to market with three equipment-backed transactions in the next few weeks. Two of the transactions are expected to be Rule 144A, one with regulation rights, and the other without regulation rights.
Onvia.com has named online financial planning and equipment resource, LeaseAdvisor.com, a Premier Lease-Financing Partner.
Bank One Corp. has been hit with a class action suit in the United States District Court for the Northern District of Illinois on behalf of purchasers of securities of the corporation during the period October 22, 1998 to November 10, 1999.
The suit charges that the senior management and certain directors of Bank One violated the Securities Exchange Act of 1934 when false and misleading statements and omissions concerning the corporation's financial condition were issued.
Internet-based Basis 100 Inc. has announced that they are formally entering the U.S. mortgage market with the acquisition of California-based Solimar.Net, a business-to-business e-commerce company. Basis will purchase 100% of the outstanding shares of Solimar, a cash transaction valued at $24 million.
