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For years, regulators have tried to make the financial system safer by blocking banks from taking on the extreme leverage that almost toppled the industry in 2008. Turns out, the risks just moved.
Bear Stearns abandoned its credit guidelines for reviewing borrowers whose MBS it sold to investors over a roughly five-year period beginning in 2003, New York Attorney General Eric Schneiderman charged in a civil lawsuit filed in Manhattan.
PrinceRidge has hired five new directors to its RMBS unit. With these additional hires, the firm’s RMBS group has grown to more than 24 people. Jeff Hingst, Tony Mun and Jeff Weaver have close to 60 years of combined industry experience. Hingst has 19 years of experience selling RMBS at FTN, Barclays, and Bear Stearns before joining PrinceRidge in early April. Mun […]
Gleacher & Co. Securities, a broker-dealer subsidiary of Gleacher & Co., has hired Perrin Arturi and Donald Ullmann as executive managing directors who will co-head the firm’s MBS/ABS and rates division. Arturi and Ullmann bring to Gleacher & Co. over five decades of combined experience in fixed-income research, sales and trading. Arturi will join Gleacher & Co. from The Royal […]
Cantor Fitzgerald has made key appointments for its high yield, investment grade and research groups as part of the build out of its global credit fixed-income platform and capabilities. These hiring additions, who will report to co-heads of the credit fixed-income department Adam Vengrow and David Pichler, bring the number of new hires in Cantor’s credit fixed-income group […]