Two more CDOs of ABS hit events of default
The latest CDO of asset-backed securities to hit event-of-default triggers, according to Moody’s, are Duke Funding XII and Fort Denison Funding

Japanese banks revise profit forecasts on CDO losses
Japanese banks revise profit forecasts on CDO losses

Structured finance CDOs hit triggers
Two additional CDOs of ABS have hit event of default triggers recently, according to Moody’s

Former CQS executives launch new fund
Former CQS executives launch new fund

GE deal hits EOD trigger
GE deal hits EOD trigger

Two deals from 2006 become latest ABS CDOs to hit EOD triggers
Two 2006 CDOs of RMBS have become the latest to suffer events of default, according to Moody’s

Closed-ended CLO vehicle sees NAV growth
Closed-ended CLO vehicle sees NAV growth

Top HSBC structured credit official moves to buy side
Top HSBC structured credit official moves to buy side

Citi posts $5.1 billion Q1 loss after $11.5 billion of new write downs
Citi today posted results that reveal a $5.1 billion ($1.02 per share) net loss for the first quarter after making new crisis-related write downs of around $11.5 billion – significantly larger than the $10 billion widely projected

Merrill Lynch posts $1.96 billion Q1 loss after CDO and monoline write downs
Merrill Lynch has reported first quarter results showing the bank made a net loss from continuing operations of $1.96 billion, compared to net earnings of $2.16 billion for the same period last year

Stanchart makes senior fixed income hires
Stanchart makes senior fixed income hires

UBS brings in traders as it builds up new credit prop trading unit
UBS brings in traders as it builds up new credit prop trading unit

Goldman Sachs appoints joint global heads for CLO business
Goldman Sachs is understood to have filled the gap left by David Rosenblum’s move to the buy-side by appointing two global co-heads of its CLO origination business

Can't pay, won't pay
Can't pay, won't pay

Liquidity isn’t everything
Peter Gleysteen is chairman and chief executive of Commercial Industrial Finance Corporation. Before setting up the company in 2005, he had a 25-year career at JP Morgan where he served in a number of roles including head of syndicated loans and chief credit officer

Pension fund key to conduit deal
Public pension fund Caisse de Dépôt et Placement du Québec is likely to hold the key to restructuring of Canadian conduits, according to super senior investors

SIV-lite enters receivership after hitting asset value triggers
SIV-lite enters receivership after hitting asset value triggers

Firms make credit derivative ETF push
Firms make credit derivative ETF push

Manager calls for CDS overhaul
Dutch asset manager Robeco has called for all single name credit default swaps to trade with

First asset sale off ABS CDO liquidation bid lists becomes pricing exercise
The auctions later in the week appear to represent more of a "real seller," say particpiants.

Bidders prepare for "big week" of CDO asset sales
Bidders prepare for "big week" of CDO asset sales

Broker offer boosts prospects for conduit agreement
One of the brokers most active in selling Canadian asset-backed commercial paper to retail investors has offered to buy back up to $138 million of paper from small investors at par

CIT among most volatile CDS names on asset sales
CIT credit default swaps have choppy session.