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Franklin Bank
’Father figure of mortgage securitisation dies. No flowers.
Actually Lewie Ranieri isn’t dead. But the bank he formed when he left Salomon Brothers, Franklin Bank Corp, is:
Franklin Bank, S.S.B., Houston, Texas, was closed today by the Texas Department of Savings and Mortgage Lending,
Weekend catch-up: Merrill, Japan, SEC and FDIC
In case you missed these stories:
FDIC seizes two US banks
Regulators seized Franklin Bank, a $5.1bn Houston bank led by mortgage-bond-pioneer Lewis Ranieri and Security Pacific Bank, a small LA-based bank on Friday,