Imprudencies of scale
Tranche holders likely to avoid large losses, but legal action threatens servicers
US consumer finance giant GMAC may tap the US government's Troubled Asset Relief Program (TARP) after announcing a third quarter net loss of $2.52 billion.
The motor industry, fixed-line communications and financial services were all heavily traded in the credit default swaps (CDS) market in November, according to New York-based interdealer broker GFI.
Freddie Mac, the second largest US federal mortgage agencys, has hired Anurag Saksena as its first chief enterprise risk officer.
Managing one of the largest US commercial mortgage portfolios entails tough operational risk and Sarbanes-Oxley compliance challenges. General Motors Acceptance Corporation’s commercial mortgage arm is meeting the challenge and cashing in on its new-found...
BNP Paribas has made seven appointments to its interest rate group in New York, headed by Zbigneiw Ryzak.