Latest ABS news
FIG primary market activity slowed ahead of reporting season this week, though Phoenix Group Holdings printed the first ever tier three bond in sterling and BPCE was preparing to open the Samurai market for senior non-preferred.
David Zhang, who headed securitized products modeling at Credit Suisse, has left the bank to join fixed income research and analytics firm MSCI.
SoFi is the first online lender to offer a new securitization in 2017, bringing to market a $477m unsecured consumer loan transaction to open up the marketplace loan ABS pipeline.
A letter published by The Conference of State Banking Supervisors (CSBS) on Friday is the latest in a round of opposition to the Office of the Comptroller of the Currency’s (OCC) fintech charter proposal. But the charter could help to streamline regulation of the fragmented industry.
The outlook for marketplace lending securitization issuance in 2017 is hazy, as lenders navigate new regulatory terrain and prepare their businesses for operating under a Donald Trump presidency.
The latest round of Republican calls in the US for president-elect Donald Trump to fire the Consumer Protection Financial Bureau (CFPB) head Richard Cordray and roll back the agency’s influence is a real threat to American consumers.
Hyundai Capital America and Consumer Portfolio Services (CPS) each priced private, 144A offerings on Tuesday, while a public deal from Ford is slated to enter the market in the coming week in what has been an otherwise slow start to 2017 primary issuance.
A report from the Italian banking association ABI and credit management company Cerved said on Wednesday that growth in bad Italian business loans slowed in 2016, although the southern region showed no sign of improvement.
Extraordinarily strong issuance conditions in the euro and sterling markets have bred a rush of new supply in the second week of 2017, allowing rarer names to price trickier deals across a broad range of asset classes.
The latest call from Republican senators Ben Sasse and Mike Lee for the incoming president to dismiss Consumer Protection Financial Bureau (CFPB) head Richard Cordray is being closely watched by ABS players.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
Latest securitization people & markets news
- Head CS ABS analyst jumps ship
- Ignorance on climate is still rife
- UK banks slip out synthetic CLOs before year-end
- ABS doesn’t mean weak underwriting -- BIS
- Tang: Europe will set ‘world standard’ for ABS risk retention
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
|Rank||Lead Manager/Arranger||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||10.66|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||SG Corporate & Investment Banking||1,260.06||2||126,006,164,037.19%|
|3||Wells Fargo Securities||430.57||1||43,057,020,785.00%|
|4||Meritz Financial Group Inc||192.86||1||19,286,162,593.99%|