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
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Analysts at Bank of America Merrill Lynch signalled their preference for unsecured consumer loans originated by ‘bricks and mortar’ lenders over those originated online, citing a dearth of marketplace loan performance history and weak ABS structures. -
The strong dealflow in the European ABS market continued on Monday, with two new consumer mandates hitting screens. Lloyds launched its first deal of the year, a dual-currency credit card issue, while BMW Finance mandated a French auto deal.
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The European Commission’s Sustainable Finance Action Plan, announced on March 8, involves no less than 10 different workstreams, covering a wide range of the ideas put forward by the High Level Expert Group on Sustainable Finance, which held a one year inquiry for the European Commission during 2017.
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Wunder Capital, a Colorado-based commercial and industrial (C&I) solar shop, plans to launch the industry’s first C&I solar securitization in 2019.
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BioPharma Credit, a closed end investment fund that provides debt capital for the life sciences industry, is to raise $300m through a primary placement of new shares to fund further investments.
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Skopos Financial, a lender specializing in deep subprime auto finance, is back in the securitization market after a two year pause, in which the company downsized and tightened underwriting standards.
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The New York State Energy Research and Development Authority (NYSERDA) is marketing a debut $18.5m securitization backed by payments on residential solar loans.
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The European Central Bank’s plans to press on with non-performing loan (NPL) reduction may be necessary, but in the wake of the Italian election, they could be the spark to ignite a political firestorm.
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Wireless carrier Sprint is out with a securitization backed by spectrum licences after announcing that it would re-enter the market nearly two years after it issued its first ABS.
