Latest ABS news
National Collegiate Student Loan Trust (NCSLT), a private student loan trust, could see a swathe of downgrades from Fitch across at least 12 ABS transactions, following a proposed consent judgement filed by the Consumer Financial Protection Bureau (CFPB) last week.
A pledge by Labour’s shadow chancellor John McDonnell to limit credit card interest payments poses a threat to credit card lenders and to investors in UK credit card ABS.
Bank of the West is in the market with a prime auto deal that pools riskier loans compared to its previous transactions.
The devastating earthquake that hit Mexico this week could well mean a pay-out from a World Bank catastrophe bond issued in early August that provided the country with insurance protection against such a disaster. But Mexico’s chosen structure for the bond means that any cash payment is unlikely to be made for at least 30 days, while more data is collected.
Ford sold its latest German auto ABS transaction this week, as spreads on European paper continue to hover at post-crisis tights.
Cross River Bank has tapped Phil Goldfeder, a former staff member with New York Senator Charles Schumer, to lead its government affairs team.
Scotiabank is looking to woo US investors with a dollar denominated auto loan securitization, as demand for Canadian cross border ABS heats up and pricing lures Canadian banks to the market.
Chinese investors warmly welcomed Mercedes-Benz Auto Finance’s second outing this year in China’s securitization market, helping the originator raise Rmb4.98bn ($760m) from the senior tranche of its deal.
Investors have largely discredited the idea that the distance between an additional tier one (AT1) trigger point and a bank’s reported capital position is a clear indication of risk, but banks continue to profit from a distinction between high and low triggers.
New and alternative sources of data beyond FICO and other traditional credit scoring metrics have the potential to dramatically alter the landscape for student loan ABS, according to speakers on day three of ABS East.
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
- Cross River taps Schumer staffer for policy gig
- EBA proposes securitization risk transfer reform
- Latham hires veteran structured finance lawyer
- ABS market mulls holding on to long feared rules
- Get real on climate risk, investors tell banks
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|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||4,755||19||11.75|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||71,587.85||220||11.03%|
|3||Wells Fargo Securities||64,351.96||203||9.92%|