News
Worldwide investment banking revenues down 45% for Q1
Global investment banking revenues plummeted to $12.5 billion in the first quarter of 2008, a 45% decrease over the past 12 months and down 42% from the end of 2007, according to a report published on April 2 by London-based data provider Dealogic.
Moody’s bids to improve RMBS process
As the US subprime mortgage crisis shows little signs of relenting and few new securitisations are coming to market, the process of identifying what went wrong and how future calamities might be prevented has commenced.
New UK codes focus on TCF
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SFBC aims to raise capital requirements
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HKMA issues further AML guidance
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US financial regulatory structure poised for change
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Fannie Mae and Freddie Mac plan $200bn in mortgage purchases
US agencies ready to buy after housing regulator relaxes capital requirements
ECB repo facility 'may hinder securitisation market recovery'
Analysts warn that the European Central Bank's cheap funding is reducing banks' incentive to return to the public asset-backed securities market
More RMBS downgrades possible, warns Standard & Poor's
Rating agency simulations highlight that next 18 months could see ratings cuts and house prices fall
Democrat proposals provide template for borrower bailout
Broad government support for troubled borrowers looks more likely in the wake of Fed action on Bear Stearns. Bills put forward by two leading US politicians point to what form it might take
Doubts that UK government kitemark scheme will fly
'Gold standard' plan for bonds gets mixed reception, with industry watchers divided over whether it gives the market much-needed direction or fails to offer any real assurances