Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
More articles
More articles
-
Following on just two months after pricing a euro denominated Silver Arrow deal, Mercedes is back in the primary ABS market, this time with a sterling deal, marketing the bonds in a choppier market. -
Deal flow is picking up across US structured products midweek, with investors offered a smattering of securitized assets including a Sallie Mae private student loan deal and a non-agency RMBS offering from Flagstar.
-
Investors have crept down the capital stack in search of higher yields this year, weighing on the appetite for senior US consumer ABS bonds, though spreads have stabilised according to Wells Fargo, with moderate supply expected this month.
-
Insurance companies tracked by Wells Fargo allocated 30% of their ABS purchases in the second quarter to whole business, timeshare and aircraft deals, as insurers load up on higher yielding paper.
-
Over the weekend, Harris County in Texas voted in favour of issuing bonds to pay for flood defences, a year after Hurricane Harvey caused terrible damage in the Houston region. It is part of a wider tussle over who bears the risk of catastrophes — and the capital markets are at the forefront of the discussion.
-
The Investment Association, the trade body for 250 UK asset managers, is making a concerted effort to become more involved in responsible investment, seeking to influence government policy and help its members navigate this complex area.
-
The Investment Association, the trade body for UK asset managers, has published responses to two European Commission consultations on aspects of its Sustainable Finance Action Plan — the Taxonomy of environmentally sustainable economic activities and disclosures on sustainable investments and sustainability risks.
-
Banks and funds are being inundated with applications from staff trying to leave the rating agencies, as those firms gear up to relocate staff to Europe to comply with ESMA (European Securities and Markets Authority) guidelines.
-
Online lender Prosper on Wednesday sold a $500.5m consumer ABS, PMIT 2018-2.
