{"id":9795,"date":"2023-04-13T23:40:53","date_gmt":"2023-04-13T23:40:53","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/blackrock-sells-asset-backed-bonds\/"},"modified":"2023-04-13T23:45:00","modified_gmt":"2023-04-13T23:45:00","slug":"blackrock-sells-asset-backed-bonds","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/blackrock-sells-asset-backed-bonds\/","title":{"rendered":"BlackRock sells asset-backed bonds from Credit Suisse&#8217;s books- Bloomberg News"},"content":{"rendered":"<p>(Reuters) -Credit Suisse Group AG has hired BlackRock Inc to help sell a portfolio of structured bonds for the Swiss bank, Bloomberg News reported on Thursday.<\/p>\n<p>BlackRock&#8217;s Financial Markets Advisory group has been selling off securities over the last two weeks, including pieces of collateralized loan obligations, commercial mortgage bonds and niche asset-backed debt, Bloomberg reported, citing people with knowledge of the matter.<\/p>\n<p>BlackRock and Credit Suisse declined to comment when contacted by Reuters.  <\/p>\n<p>The move comes after the Swiss lender was acquired by UBS Group AG in a state-brokered deal. <\/p>\n<p>Earlier this month, U.S. Federal Deposit Insurance Corporation (FDIC) retained BlackRock&#8217;s unit to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon Valley Bank.<\/p>\n<p>In March, law firm Pallas Partners told Reuters that they along with a Swiss council were working on possible legal action on behalf of some Credit Suisse AT1 bond investors whose holdings were wiped out following the bank&#8217;s takeover.<\/p>\n<p> (Reporting by Shivani Tanna and Jaiveer Singh Shekhawat in Bengaluru; Editing by Anil D&#8217;Silva)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/blackrock-sells-asset-backed-bonds\/logo-of-swiss-bank-credit-suisse-is-seen-in-bern\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3C0W5-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3C0W5-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Credit Suisse Group AG has hired BlackRock Inc to help sell a portfolio of structured bonds for the Swiss bank, Bloomberg News reported on Thursday. BlackRock&#8217;s Financial Markets Advisory group has been selling off securities over the last two weeks, including pieces of collateralized loan obligations, commercial mortgage bonds and niche asset-backed debt, Bloomberg [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":9796,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-9795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3C0W5-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/9795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=9795"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/9795\/revisions"}],"predecessor-version":[{"id":9876,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/9795\/revisions\/9876"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/9796"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=9795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=9795"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=9795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}