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Rating agency explains reasons for cap
Opinion: Amid investment boom, S&P stoically maintains its position
Deal only included loans that were outside the scope of the FCA's redress scheme
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The International Finance Corp and Crédit Agricole CIB have engaged in their second synthetic risk transfer (SRT) transaction. It continues the work both institutions have been doing to interweave such deals with socially responsible purposes. -
A rare wireless spectrum deal from Sprint is already seeing secondary market action after being priced on Wednesday.
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British Airways made a rare appearance in the Enhanced Equipment Trust Certificate (EETC) market on Wednesday with a dollar-denominated offering.
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Global retailer Signet Jewelers has stepped up its plans to outsource its consumer lending programme, with an agreement to sell its remaining non-prime credit card portfolio with a par value of about $600m to CarVal Investors.
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PACEfunding, a California-based residential Property Assessed Clean Energy (PACE) finance firm, has mandated Natixis to lead its first ever securitization.
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Lead managers have circulated initial price thoughts on BL Cards, an unusual credit card ABS backed by receivables from Belgium and Luxembourg that is selling a full capital structure.
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Online small business lender OnDeck announced that Ken Brause will be taking over as chief financial officer effective March 26.
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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.
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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.
