Latest news
Latest news
Ledn's $188m deal finished after at least two weeks in the market
Partner added to Chicago office
Blackstone is targeting a quicker than usual three day execution
More articles
More articles
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PACEfunding, a California-based residential Property Assessed Clean Energy (PACE) finance firm, closed its debut securitization this week. The company has plans to launch a second offering later this year. -
Online consumer lender loanDepot is in the market with its first prime jumbo mortgage transaction, bringing a new face to the roster of issuers in a sector that has seen only sporadic activity in recent years.
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Citi revealed its national digital banking strategy on Monday, with a goal of digitising its consumer banking business across lending, payments, investment and credit cards.
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Analysts at Bank of America Merrill Lynch turned the spotlight on subprime personal loans in its latest research note, saying that higher rates and increased funding costs could be problematic for subprime issuers. It is the second warning on the consumer lending sector from the bank this month.
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JP Morgan has relocated a London-based senior ABS syndicate banker to Hong Kong.
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Prosper is the latest online lender to structure its securitization with more subordinate paper, as issuers move to respond to investor demand for higher yielding, short-dated paper.
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Online student loan refinancing company CommonBond is looking for a capital markets director as it broadens the range of its structured product offerings.
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Latitude Financial Services’ third Australian dollar credit card securitization this week offered a healthy pick up in spreads compared with other currencies, drawing a range of global investors to the deal even after currency swap costs were taken into account.
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Equipment financiers at the Investors’ Conference on Equipment Finance in New York this week encouraged investors to exercise caution when playing in a higher-yielding sector even as the market moves through what has been a remarkably benign credit environment.
