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| FT.com - Capital Markets News and Data
FT.com - Capital Markets News and Data
Big dealers in credit derivatives this week completed a key effort to cut the number of outstanding trades in the $62,000bn market, with the process highlighting the complexity associated with reducing the risks in this booming sector
Bank of China has cut its portfolio of securities issued or guaranteed by troubled US mortgage financiers Fannie Mae and Freddie Mac by a quarter since the end of June
Michael Mackenzie examines the reduction in risky assets used for tri-party repos
Shares in Fannie Mae and Freddie Mac fell amid concerns foreign investors were reassessing their exposure to the troubled US mortgage financiers' bonds and guaranteed securities
The Federal Reserve does not accept auction-rate securities issued by closed-end funds as collateral against loans from its discount window, eliminating a potential source of cash for banks preparing to buy back billions of dollars of these securities
Fannie Mae, the US government-sponsored mortgage financier, unveiled a management restructuring that put new executives in charge of its plan to improve capital management and cut credit losses
The outlook for the European corporate securitisation market is unlikely to improve this year as higher pricing, illiquidity and a damping of investor demand triggered by the credit crunch has reduced its appeal as a funding pool for companies
Fannie Mae and Freddie Mac sold a combined $3bn of short-term debt, helping to reassure stock markets that the two beleaguered US mortgage financiers could still fund their operations without a government rescue
Abu Dhabi lender is seeking damages from Morgan Stanley, Bank of New York Mellon and two rating agencies amid the collapse of a $6bn structured investment vehicle
Jakarta says it has raised less than it had hoped from its maiden, rupiah-denominated, Islamic bond offerings but analysts claim the issuance is solid
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