Hints and tips:
...Rival Manchester United, listed on the New York Stock Exchange, has a current market capitalisation of around $2.7bn....
...Private equity-backed borrowers had an average ratio of first-lien debt (a company’s most senior obligation) to ebitda of just under four times in 2005 and 2006, according to Fitch....
...While many of the borrowers had questionable personal credit ratings, the CWABS Asset-Backed Certificates Trust 2005-11 were deemed much safer credits....
...“Trust was shaken today,” Deutsche Bank chief european economist Thomas Mayer told the New York Times. As one executive of a major global bank said later, “It was something none of us had experienced....
...More legal wrangling until June 2011, when BofA agrees a settlement with trustee Bank of New York and a group of 22 large institutional investors for 530 pools of securitised morgages — including those issued...
...The group, which calls itself Walnut Place, has accused Bank of New York Mellon, BofA’s trustee on the securitisations, of having conflicts of interest that raise questions about the fairness of the deal...
...Those delays and the additional costs could in turn delay the distribution of liquidation proceeds to certificate-holders and increase the amount of losses on the loans.”...
...View from the trading floor Stolen certificates and suspended spot trading: the silver lining Politically, the series of thefts that hit the European emissions trading system in January, along with the...
...The trust would issue investors with certificates of participation tradable in New York....
...Activity in the US repurchase market for a variety of fixed income securities is mired in a slump as banks and investors adjust to a new regime of using less leverage to boost returns....
...Under the MMIFF, authorized by the Board under Section 13(3) of the Federal Reserve Act, the Federal Reserve Bank of New York (FRBNY) will provide senior secured funding to a series of special purpose vehicles...
...One indenture trustee suit: The Company has been named as a defendant in a case filed in the Delaware Court of Chancery by the Bank of New York Mellon in its capacity as indenture trustee with respect to...
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