Securitization - US Archive

  • Credit Suisse launches all-in-one aircraft finance business

    Credit Suisse launches all-in-one aircraft finance business

    Credit Suisse on Thursday announced the launch of SCALE Aviation, a subsidiary of the bank aiming to boost liquidity in the aircraft industry by providing capital markets financing as well as direct assistance on acquisition, trading and management of aircraft collateral.

  • Oil and gas ABS market grows despite push for ESG

    Oil and gas ABS market grows despite push for ESG

    Securitizations tied to oil and gas-related cash flows have emerged in recent months, despite growing support from the buy side for socially responsible investments (SRI). Though they run contrary to environmental, social and governance (ESG) principles, issuance of oil and gas royalty ABS may persist as long as the deals offer attractive yields, or until ESG investments pay a premium to brown ABS. Jennifer Kang reports.

  • People moves in brief

    People moves in brief

    Ex-Goldman's Weber joins Middle East boutique — Giancarlo turns up at Federal Housing Finance Agency — Ferdane takes over coverage job at BNP Paribas

  • FHFA appoints new chair of common securitization platform

    FHFA appoints new chair of common securitization platform

    The Federal Housing Finance Agency on Wednesday announced the appointment of J. Christopher Giancarlo as chairman of Common Securitization Solutions, which runs the technology behind the agency’s Uniform Mortgage Backed Security (UMBS) program.

  • Laying it on FICC: trading helps Goldman and Bank of America

    Laying it on FICC: trading helps Goldman and Bank of America

    Fixed income, currencies and commodities trading (FICC) has been the clear area of strength in US bank results so far when compared with the fourth quarter of 2018, particularly in rates and mortgages. Underwriting fees have also come in high, but advisory earnings have suffered.

  • Middle market to expand as CLO investor interest grows

    Middle market to expand as CLO investor interest grows

    The middle market segment of the CLO industry is attracting the attention of more investors this year amid enduring low yields in fixed income as higher returns on middle market paper and stronger covenants steer more traditional CLO buyers into the space.

  • Rating agencies warn on challenging year for aircraft ABS

    Rating agencies warn on challenging year for aircraft ABS

    The aircraft securitization market is showing cracks after enjoying three consecutive record years of issuance. Major airlines have gone bankrupt, credit is deteriorating and competition intensifying, all of which signals 2020 as a year of major headwinds, rating agencies say.

  • Underwriting, fixed income revenues grow at JPM and Citi

    Underwriting, fixed income revenues grow at JPM and Citi

    JP Morgan, Citi and Wells Fargo kicked off the fourth quarter earnings season for investment banks on Tuesday, showing momentum in underwriting revenues and fixed income trading, while advisory fees and equities trading stumbled.

  • Libor, loan forgiveness cast shadow over SLABS

    Libor, loan forgiveness cast shadow over SLABS

    Student loan ABS is facing a host of uncertainties this year, as cessation of Libor as a benchmark quickly approaches and momentum behind loan forgiveness accelerates. Strong technical factors will be offset by headline risk, weighing on spreads, according to sources.

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