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Regulators Clear Path For CDS Clearinghouse

November 21, 2008 – U.S. regulators have signed an agreement to launch at least one credit default swaps clearinghouse before the end of the year, and they’ve initiated policy objectives to address the challenges of over-the-counter derivatives...

Banks Pull $235M Facility For Global Tel*Link

November 21, 2008 – Credit Suisse and Wells Fargo has shanked a $235 million credit facility for Global Tel*Link, a company that provides the phones inmates use in jail. The facility consisted of a $210 million term loan A and a $25 million revolver...

Babson Names Finke Chairman And CEO

November 21, 2008 – Babson Capital Management has promoted Thomas Finke, formerly president of the firm, to the position of chairman and chief executive officer, the company said today. He will also become vice president and chief investment officer of the Massachusetts Mutual Life Insurance Co...

• BCE Deal Set To Close On Time
• Citigroup Picks Up Distressed Debt Firm
• Oak Hill Hires Deutsche CDO Alum

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Blogs

Features

Bankruptcy's New Dance—Hard To Get DIPped, Find Exit

November 17, 2008 – Constrained bank balance sheets and reduced risk tolerance are making it increasingly difficult for troubled companies to obtain debtor-in-possession loans and exit financings...

ABS Market Greets Treasury Plan With Skepticism

November 17, 2008 – With economic conditions worsening, the U.S. government has stepped up its bailout efforts-doling out $250 billion allotted under the Emergency Economic Stabilization Act (EESA) for equity investments in financial institutions...

Paulson, Reports Shake Up Markets

November 17, 2008 – Though not sliding as dramatically, the high yield market chased the stock market down last Wednesday, as investors headed for Treasurys and cash...

Q&A: Watch Hill's Knowlton Bullish On Boutiques

November 17, 2008 – David Knowlton, who co-founded boutique investment bank Watch Hill Partners, talks about the current state of M&A investment banking, today's turbulent credit markets, and the position in which boutique investment banks find themselves...

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