People & Markets

  • NGOs cheer as EIB finds carbon compromise

    NGOs cheer as EIB finds carbon compromise

    In a marathon board meeting that lasted into the evening on Thursday, EU member states have approved a new Energy Lending Policy for the European Investment Bank, ending a dispute over how fast it can cut out fossil fuel financing.

  • Principal losses loom for risk transfer buyers after accounting wrinkle

    Principal losses loom for risk transfer buyers after accounting wrinkle

    European bank supervisors have switched their approach to excess spread in risk transfer securitizations, paving the way for the stream of full stack capital relief deals issued this year by banks including BNP Paribas and Santander. But questions remain about how the deals handle IFRS 9 accounting, with Santander’s approach potentially boosting principal losses for investors. Owen Sanderson reports.

  • Agricole’s Gay raises d’Intignano, Lamarque and Sodhi in reshuffle

    Agricole’s Gay raises d’Intignano, Lamarque and Sodhi in reshuffle

    Crédit Agricole announced on Thursday a reorganisation of its global markets financing and funding solutions (FFS) division, which includes several senior job changes, including the promotions of Atul Sodhi and Jean-Luc Lamarque, reported by GlobalCapital on Wednesday.

  • Mediobanca plots advisory, mid-cap push

    Mediobanca plots advisory, mid-cap push

    Mediobanca’s plan for the next four years involves boosting advisory origination and using capital more efficiently in its corporate and investment bank (CIB). It is also committed to issuing a sustainability themed bond.

  • Mizuho Americas names new banking head

    Mizuho Americas names new banking head

    Mizuho has appointed banking veteran Michal Katz to join the firm as the head of banking to oversee all banking activity throughout the US, Canada and Latin America.

  • LendingClub wrangling more regs on road to bank charter

    LendingClub wrangling more regs on road to bank charter

    In September, LendingClub excluded individual investors in five states from investing on its platform without an explanation. While the reason was undisclosed for nearly two months, the company revealed this week that the change in eligibility is a product of the many steps it is taking to obtain a bank charter.

  • Funding Circle breaches securitization limit as it switches from servicer to sponsor

    Funding Circle breaches securitization limit as it switches from servicer to sponsor

    Funding Circle has breached the terms of its securitization SBOLT 2018–1 — a book of loans originated on the platform and was bought by Pollen Street Capital’s P2P Global fund. The breach was driven by a shift in the company’s business model from a pure tech platform to a non-bank lender using its own capital. Funding Circle has asked investors to waive the breach.

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