News
Banks break new ground with managed CPDO deals
Two constant proportion debt obligations, from JPMorgan/Cairn and Barclays Capital/DeAM, add new variations to the existing managed CPDO structure
BNP names head of Gulf debt capital markets
BNP Paribas has named Mark Waters as head of debt capital markets for the Gulf region, a newly created post.
Moody's fighting talk on structured CMBS
Moody's Ratings has released a report detailing reaction to its changes in subordination levels required for US commercial mortgage-backed securities (CMBS).
Bear Stearns funds have "lost almost all value"
Bear Stearns has told investors that two of its hedge funds have lost almost all their value after taking massive losses on the US subprime mortgage market.