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Structured
CDO losses fell US regional banks
Friday, July 3, 2009
State regulators have closed six small banks in Illinois citing their exposure to CDOs and other loan losses. The six banks, the largest of which was Founders Bank, were all controlled by the same family and followed a similar business model, according to the FDIC, which transferred their assets and deposits to other US institutions.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
