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Latest News

Volkswagen ABS Deal First to Issue Under New TSI Standard

Sep 2, 2010 – VCL 12 is the first public transaction to be issued under the new German securitization standard established by True Sale International (TSI).

AbitibiBowater Names New Board

Sep 2, 2010 – The Montreal-based newsprint and commercial printing company is in the process of reorganizing in its effort to emerge from bankruptcy.

Court Appoints Mediator for Tribune

Sep 2, 2010 – The court handling the Chapter 11 bankruptcy case of Tribune appointed a mediator who will help negotiate a settlement to the controversial bankruptcy case.

FCIC Challenges Official View of Wachovia's Aftermath

Sep 2, 2010 – Roughly two years after its near collapse, critical questions about the bank's fall remain unanswered.

Avis Ups Dollar Thrifty Bid

Sep 2, 2010 – The move comes a week after the strategic bidder filed suit to stop Hertz’s deal to buy Dollar Thrifty go forward.

Lazard Hires Pierre Cailleteau For Sovereign Advisory Group

Sep 2, 2010 – Lazard Ltd, said Thursday it hired Pierre Cailleteau in its sovereign advisory group, effective Sept. 6. He will be based in Paris.

Bernanke: Regulatory Reform Will Prevent Future Bailouts

Sep 2, 2010 – Testifying at a hearing before the Financial Crisis Inquiry Commission, the central banker said the regulatory reform law effectively ties the Fed's hands, preventing it from saving any single institution.

Loan Market Heats up as Summer Winds Down

Sep 2, 2010 – Banks are planning to launch five deals totaling more than $4 billion.

TD Bank Could Sue Harrisburg

Sep 2, 2010 – Dauphin County authorized the bank to pursue legal action against Harrisburg, as Pennsylvania’s capital city said it will not meet payments due Dec. 15 on $35 million of incinerator bonds.

Citigroup Arranges $600M Guggenheim CLO

Sep 2, 2010 – The CLO consists of a $110 million triple-B-rated tranche, a $180 million equity tranche and a $300 million triple-A-rated tranche.

Deutsche Hires Retired Brigadier General

Sep 1, 2010 – Deutsche Bank said Wednesday that it hired Michael Fleming, a retired brigadier general, as a managing director and head of the Global Business Services Center in Jacksonville, Fla.

Moelis & Co. Hires Stephen Aulsebrook

Sep 1, 2010 – He will be a managing director providing senior level financial restructuring and other corporate finance advisory services to clients principally in EMEA.

High Yield Bonds Hit Record in August

Sep 1, 2010 – Issuers priced $23 billion in junk bonds in August, the seventh largest monthly U.S. high yield volume on record, according to Dealogic.

HSBC, RBS Prep $450M Credit Facility for 2Wire Acquisition

Sep 1, 2010 – HSBC and the Royal Bank of Scotland have arranged a $450 million credit facility backing Pace’s acquisition of 2Wire, according to sources.

Moody’s: High Yield Ratings Say Double-Dip Unlikely

Sep 1, 2010 – High yield ratings indicate that the likelihood of a double-dip recession is small, according to a report issued Wednesday by Moody’s Investors Service.