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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UniCredit is seeking an Italian government guarantee for the senior tranche of a portfolio of securitized non-performing loans after gaining an important rating from Moody’s and DBRS on the notes, allowing it to go forward with its “failure is not an option” (FINO) asset disposal plan. -
The oft-repeated joke in financial markets that Italy has more places where you can take out a loan than establishments where you can indulge in a plate of pasta might have a kernel of truth behind it, with new analysis from UBS highlighting some staggering numbers about bank competition in the country.
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The Consumer Financial Protection Bureau (CFPB) has ordered Citi to pay $6.5m for private student loan servicing “failures”, which includes a fine and a refund to affected borrowers.
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Bank of America Merrill Lynch has priced the £350m Taurus 2017-2 CMBS, the first transaction backed by a UK commercial property loan since 2015.
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Cerberus-owned lender My Money Bank, formerly GE Money Bank, has mandated BNP Paribas, Credit Agricole and Morgan Stanley to sell a French auto ABS, SapphireOne Auto 2017-1.
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Bazalgette Finance issued its first benchmark bond on Wednesday, when it found itself the only corporate issuer in Europe on the day before the US Thanksgiving holiday.
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Lending Club has filed deal documents for a securitization backed by prime consumer loans after executives indicated this month that the company will issue two deals before year-end.
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The Senate last week confirmed Joseph Otting as head of the Office of the Comptroller of the Currency (OCC), but his background in community banking raises questions for the future of online lender-bank partnerships, and raises new questions about the proposed special purpose bank charter for marketplace lenders.
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Student loan ABS defaults in the post-crisis period are “significantly” lower than in pre-crisis deals, according to DBRS, but the percentage of loans in forbearance spiked sharply last quarter, driven by borrowers in disaster-hit areas postponing payments.
