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...US asset-backed and mortgage-backed securitisation issuance has totalled $463bn in 2023, the lowest for this point in a year since 2016, according to Dealogic data....
...The move to stiffen its security in the region and build up a sufficient defence capability to deter Iran comes after a dozen or so attacks on US troops since October 18 that have wounded two-dozen US personnel...
...It had $120bn of investment securities — which include its $91bn mortgage-backed securities portfolio — at the end of 2022, far exceeding its $74bn total loans....
...Unhedged: How does this affect the option price? Bassman: You have arbitrage entities out there, like AGNC or Annaly [two mortgage Reits that buy mortgage-backed securities]....
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...The vast majority are local minnows with fewer than $10bn in assets. In 2021, JPMorgan leapfrogged Wells Fargo as the bank with more branches than any other in the US....
...It has laid off 91 per cent of its workforce over the past 18 months....
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
...Several pointed out that it has avoided the whopping big mistakes of rivals such as Wells Fargo and Citigroup (they all noted that the London Whale was not a good look)....
...He will join the panel on a two-year secondment from the bank beginning in May. Wells Fargo has named Doug Braunstein as a vice-chair....
...The JPMorgan banker-turned-exchange boss turning noodles into securities In modern capitalism, you can securitise all sorts of things — mortgages, the loans backing private equity buyouts, car loans, even...
...So venture capital trusts and the Enterprise Investment Scheme carry lots and lots of valuable tax reliefs....
...The US Department of Justice alleged that UBS defrauded investors when it sold 40 residential mortgage-backed securities deals between 2006 and 2007, which ultimately sustained substantial losses during...
...That was the reason for the plunge in mortgage-backed securities in 2007 and 2008, which then filtered through to concern about the health of the banking system....
...A bank loan officer denies a customer a third mortgage extension, in order to get a promotion. She gets the promotion....
...The move is the latest attempt by JPMorgan to beef up its legal wealth management business after two decades of trying to break the grip of Citi in New York, as well as that of Wells Fargo, which dominates...
...there was “complete and mutual trust and a clear unity of purpose” between them....
...Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real estate investment trusts, have halted loans to any new borrowers....
...Ben Whitmore, whose funds include the £2.1bn Jupiter UK Special Situations Fund and the £1.6bn Jupiter Income Trust, is leaving at the end of July to set up his own firm....
...By contrast, JPMorgan Chase and Wells Fargo — the nation’s first and third-largest banks, respectively — each had about $40bn in unrealised bond market losses, while fourth-largest Citigroup’s paper losses...
...At the Sohn investment conference in London on Wednesday, Block said he is shorting Blackstone Mortgage Trust, a publicly traded real estate investment trust Blackstone took control of a decade ago as it...
...Another factor for money markets next year will be the Fed’s programme of quantitative tightening, or QT, through which it is reducing the portfolio of Treasuries and mortgage-backed bonds it acquired after...
...The US Securities and Exchange Commission approved new rules which will bring more of the Treasury market onto venues scrutinised by regulators, while limiting leverage in some corners of the market....
...JPMorgan, Citi and Wells Fargo report earnings on Friday, followed by Bank of America on April 18....
...Scottish Mortgage’s long-term vision for how a handful of growth companies will change the world “may well be correct”, said the rival investment trust chair....
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