CDOs
November 21, 2008 - Babson Capital Management announced a series of promotions today.
November 19, 2008 - Oak Hill Advisors has hired Fritz Thomas as a managing director, where he will help head up the firms business development and client coverage activities.
November 11, 2008 - Moody's Investors Service is modifying the rating methodology it applies to structured finance securities wrapped by financial guarantors.
November 6, 2008 - Equity Trust and The Bank of New York Mellon now have a global referral agreement where both companies refer potential business opportunities for structured finance services to each other.
October 22, 2008 - Oak Hill Advisors hired Goran Puljic, T.K. Narayan and Scott W. Snell for the firms structured products group.
October 22, 2008 - Several longtime FTN employees have launched a Nashville venture, Wolf River Capital, that is looking to take the shares off investors' hands.
October 3, 2008 - Fraudulent practices and false representations made by units at Countrywide led MBIA to guarantee MBS that have already cost the insurer $459 million in policy claims and exposed it to several hundred millions more.
October 3, 2008 - Deerfield's move results in a potential future tax savings of roughly $80 - $84 million.
September 24, 2008 - Cohen & Co. CEO Christopher Ricciardi wrote an open letter to Treasury Secretary Henry Pauslon dated today titled Enhancing The Paulson Plan Through the Creation of a Federal Bond Insurance Corporation.
September 24, 2008 - SEC Chairman Christopher Cox called Tuesday for regulation of certain credit derivative products, saying the market was overrun by fraud that contributed to the housing crisis.
September 15, 2008 - Specifically, Moody's said that it is 'presently assessing the impact of Lehman's bankruptcy and rating downgrade on all structured finance transactions that have exposure to Lehman entities.'
September 10, 2008 - Fitch Ratings said that credit events on Fannie Mae and Freddie Mac are unlikely to trigger large scale CDO downgrades.
September 8, 2008 - S&P expects the U.S. Treasury's announcement that the GSEs had been placed in conservatorship by their regulator and S&P's resulting rating actions on these entities to have a minimal rating impact on U.S. and European synthetic CDOs.
August 28, 2008 - MBIA will reinsure $184 billion worth of Financial Guaranty Insurance Corp.s U.S. public finance book.
August 25, 2008 - Fitch Ratings presents its asset-level projected loss analysis (PLA) to quantify loss expectations on structured finance (SF) CDOs.