Latest news
Latest news
Initial pricing set for Santander’s two euro ABS deals
The issuer previously issued two sterling credit card ABS standalone deals
SilverRock was taken over by GB Bank in March
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M&G Investments has hired Vincent Charles-Gervais as a portfolio manager within its ABS team. -
The European Central Bank has slapped the institutions under its supervision with deadlines for dealing with their stocks of non-performing loans, giving the weakest lenders up to 2027 to raise their coverage levels to 100%. The revelation hit Italian banks hard in the market this week, though some commentators said that the new recommendations should hardly have come as a shock to investors.
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Aviation ABS performance will decline in 2019, hit by by rising credit concerns, late cycle behaviour and stiff competition between a handful of new, smaller lenders.
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Marketplace lender SoFi is readying its first student loan securitization of the year.
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Consumer ABS issuance is expected to accelerate this week after a slow start in January, with a number of deals lining up on Monday and investors waiting eagerly to put money to work in the new year.
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Société Générale has entered into a $40m cross currency total return swap with Fidelity Bank, the Ghanaian lender, in a trade that participants hope will unlock Ghanian cedi-denominated securities as collateral for further dollar funding.
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Capital markets veteran Sandeep Agarwal speaks to GlobalCapital about his decision to leave the sector after a period of more than 20 years, reflecting on what he describes as the "best learning experience" he could have asked for following the financial crisis. As he prepares for a new challenge outside of banking, Agarwal warns that the industry is not "out of the woods yet".
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The European Central Bank has asked Banca Monte dei Paschi di Siena to raise the coverage levels for its stock of non-performing loans, leading to fears in the market about the Italian lender’s ability to meet its supervisory capital ratios.
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Auto ABS issuers are moving nearly $5bn in new deals through the pipeline to kick of the new year, with GM Financial pricing the first deal of 2019.
