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
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FIG issuers have jumped into red hot primary markets in all currencies this week, and a growing pipeline suggests there will be little let-up in activity, despite weaker secondary markets and looming political and economic events that threaten to dent confidence.
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Lenders and other financial institutions need to shed their stereotypes about non-prime borrowers and consider alternative data sources to help expand their access to credit, speakers told conference attendees on day two of LendIt USA 2017 on Tuesday.
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Policy experts speaking on day one of the LendIt 2017 conference in New York on Monday called for more bipartisan support of financial technology if the sector is to thrive, emphasizing the need for greater focus on extending credit to underserved borrowers.
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Online lending will thrive after withstanding a slew of bad press in 2016, said Scott Sanborn, president and chief executive of Lending Club, in a keynote address at LendIt USA 2017, while he also signalled more frequent issuance of ABS from the platform.
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Residential and commercial Property Assessed Clean Energy (PACE) lender Renew Financial will hit the ABS market in April with a new deal, and will tap Natixis to lead the transaction, sources tell GlobalCapital. -
VW’s UK auto lease ABS, Driver UK Five, priced its £340m 2.02 year class ‘A’ at 45bp, the tight end of the mid-high 40s guidance, as the issuer aimed to re-establish its pricing in the market after last year’s emissions manipulation scandal.
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Banca Carige outlined its plan on Tuesday for a €950m NPL securitization, as part of its plan to manage down its bad loan book, which will also include a €2.4bn spin-off to a separate management vehicle.
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Financial institutions have commanded very attractive pricing levels for new issues this week, as an influx of cash in fixed income markets has shown investors are still finding value in bank credit despite the fact that spreads grind ever tighter and tighter.
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The Property Assessed Clean Energy (PACE) ABS sector is getting attention from a broader group of investors outside the US, as frequent issuance of the energy efficiency bonds brings the asset class into the mainstream.
