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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A report from the Italian banking association ABI and credit management company Cerved said on Wednesday that growth in bad Italian business loans slowed in 2016, although the southern region showed no sign of improvement. -
Extraordinarily strong issuance conditions in the euro and sterling markets have bred a rush of new supply in the second week of 2017, allowing rarer names to price trickier deals across a broad range of asset classes.
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The latest call from Republican senators Ben Sasse and Mike Lee for the incoming president to dismiss Consumer Protection Financial Bureau (CFPB) head Richard Cordray is being closely watched by ABS players.
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Analysts warned this week of securitization’s drift into a private, bilateral and less visible type of market at the expense of the public market, despite last year's primary pipeline churning out the highest volume of publicly syndicated bonds since 2011.
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Subprime auto lender Consumer Portfolio Services (CPS) is in the post-holiday market with a $206.32m subprime auto loan securitization, kicking things off for the sector in 2017.
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The European Investment Fund (EIF) has signed an agreement with six regional Italian credit institutions to guarantee €360m of loans to Italian small and medium enterprises (SMEs) over the next three years.
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Hyundai is in the market with a $931.49m auto lease securitization, kicking things off for the primary consumer ABS market in 2017.
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American Airlines has opened up the esoteric ABS pipeline in 2017 with a nearly $1bn enhanced equipment trust certificate (EETC) offering to fund the purchase of new aircraft.
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The charge-off rate for prime credit cards hit a new low in December, with market watchers predicting that the sector should be able to withstand rate hikes in the coming year.
