NatWest Group
Cheyne auction reflects harsh reality for SIVs
An expected restructuring of the assets of defunct structured investment vehicle (SIV) Cheyne Finance later this month underlines the harsh reality faced by many investors in the vehicles, who are likely to get little or none of their money back.
Dahinden, Mazzocchi, Silvotti leave RBS
Three senior structured credit bankers have left Royal Bank of Scotland (RBS) in London, not long after two of them joined the firm from Dresdner Kleinwort.
Five banks file counterclaim over Clear Channel LBO
A legal spat over the proposed leveraged buyout of Texas-based media company Clear Channel intensified on April 4, as five banks filed a counterclaim in New York against the company and its private equity suitors.
Standard swap-deliverable CCDS expected soon
A working group of about 10 major dealers and brokers could be just two months away from producing a standard contract for swap-deliverable contingent credit default swaps (CCDSs), predicted a person close to the group.
Credit crisis costs RBS $5.6 billion
Royal Bank of Scotland (RBS) has suffered $5.6 billion (£2.9 billion) in writedowns, due to exposures to US subprime debt exposures and losses in its leveraged finance portfolio.
Agencies rethink market risk rating methods
The three largest global rating agencies are reconsidering their approach to rating structures exposed to fluctuations in market value, with potentially unpalatable results for holders and arrangers of various structured credit products.
RBS and ABN Amro expect subprime-related writedowns
The Royal Bank of Scotland (RBS) has predicted it will suffer writedowns of £950 million from exposures to US subprime mortgage markets over the second half of this year.
RBS expands Middle Eastern structured investor products business
RBS has appointed Nabil Kobeissi and Zineb Ayouch to its Middle Eastern structured investor products (SIP) business in London.
Silvotti joins RBS
Royal Bank of Scotland (RBS) has hired Roberto Silvotti as joint head of exotic credit derivatives to work alongside Vincent Dahinden.
Olson and Goldshmidt join RBC in emerging markets
RBC Capital Markets has appointed Eric Olson and Ron Goldshmidt in emerging markets trading.
RBS adds Nordea trio in financing and risk solutions
Royal Bank of Scotland (RBS) has added three staff from Stockholm-based Nordea to its financing and risk solutions team.
Lloyds TSB hires in corporate derivatives sales
Lloyds TSB has appointed Luke Walker as a manager in its corporate sales team.
Grosvenor closes first Japanese property derivatives deal
International property company Grosvenor Group has carried out the first Japanese property derivatives trade based on the IPD Index for Japan, a two-year property total-return swap with the Royal Bank of Scotland.
RBS recruits Schroders Hong Kong structured products team
Stanley Ng has joined Royal Bank of Scotland as head of structured investor product development and marketing in Hong Kong.
Lloyds TSB appoints new leveraged syndications head
David Whiteley has been hired to manage Lloyds TSB’s newly formed leveraged loan syndication team.
RenCap takes Dresdner global debt capital markets head
Petri Kivinen, London-based global head of debt capital markets at Dresdner Kleinwort, will join emerging markets investment bank Renaissance Capital in September.
RBS hires to financial institutions securitisation
Royal Bank of Scotland (RBS) has hired Hubert Tissier de Mallerais as a managing director in its financial institutions securitisation team.
RBS appoints former Dresdner derivatives head
Matteo Mazzocchi, former global head of equity and credit derivatives at Dresdner Kleinwort, has moved to Royal Bank of Scotland (RBS).
RBS appoints credit derivatives structurer
The Royal Bank of Scotland (RBS) has hired Marc Freydefont as senior credit derivatives structurer.
RBS names Capp as leveraged capital markets head
Royal Bank of Scotland Global Banking and Markets has named Eric Capp as head of leveraged capital markets for Europe and Asia.
RBS hires head of financial institutions securitisation
Lee Rochford has been taken on by Royal Bank of Scotland (RBS) as a managing director within its financial institutions securitisation team.
RBS hires European ABS & CDO sales head
Steven Hulett has been appointed to the new position of European head of debt markets asset-backed security and collateralised debt obligation sales at Royal Bank of Scotland.
New head of debt market sales at RBS Securities
Royal Bank of Scotland Global Banking & Markets has named Shoji Taniguchi as head of debt market sales for RBS Securities Japan.