Securitization Group Formed With BofA After Exodus at Rival
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Bank of America Corp., Citigroup Inc. and Morgan Stanley are among more than 20 companies forming a trade organization after some members defected this month from the existing American Securitization Forum.
The Structured Finance Industry Group will “be an advocate for the structured finance and securitization community, share best practices and innovative ideas, and provide educational opportunities for our members,” Reggie Imamura, a PNC Financial Services Group Inc. executive and chairman of the group’s board, said today in an e-mailed statement.