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SilverRock was taken over by GB Bank in March
French RMBS volumes expected to rise as lender plans on doing more than one transaction a year
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Hoist Finance has completed its securitization of €225m of Italian non-performing unsecured loans with the help of Deutsche Bank, after announcing the deal nearly a month ago. -
Lloyds announced today that it has submitted notifications to certify legacy deals from Penarth Master Issuer as compliant with the ‘simple, transparent and standardised’ (STS) regime.
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Fintech firms are in talks with investment bankers and lawyers to securitize shopping credit originated in the form of 'buy now, pay later' transactions. A securitization of the customer receivables would mark a new asset class in European ABS.
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Banca Monte dei Paschi di Siena has completed four transactions for the sale of non-performing loans, totalling €340m.
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Anurag Singhal has been appointed as head of financing coverage in Europe at Deutsche Bank, as it redraws the structure of its investment bank.
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Intesa Sanpaolo and Prelios have formed a partnership focusing on unlikely-to-pay (UTP) loans, a subset of the non-performing loan sector, aiming to securitize a €3bn portfolio of UTP loans made to small and medium sized enterprises.
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Monte dei Paschi di Siena (MPS) continues to shed its non-performing exposures, selling a €455m portfolio to Cerberus on Wednesday following the sale of €690m to Illimity on Tuesday.
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Banca Monte dei Paschi di Siena (MPS) has completed the sale of two portfolios of non-performing and unlikely to pay loans to further derisk its balance sheet and complete a planned restructuring, selling almost €700m to Illimity Bank.
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The European CLO market is keeping up the pace, with alternative investor Tikehau pricing an €451.2m deal via Natixis at the end of last week, that was increased from €410.2. The ABS market, meanwhile, is slowing down ahead of August.
