Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Two lenders entering administration should signal to others: simplify the industry
News could lead bank funding to dry up, after strong run of demand in private market
More articles
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The Bank of Montreal priced a dollar-denominated credit card securitization on Wednesday, with deal watchers saying they expect the market for cross-border ABS transactions to flourish in 2017. -
Fleet management solutions provider LeasePlan has mandated leads for its first UK auto lease ABS deal in five years.
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SolarCity has announced a $145m solar ABS transaction, the second such deal of 2017, which puts the first month of the year on par with primary activity in all of 2016.
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SoFi priced the first marketplace loan ABS deal of 2017 late last week to heavy investor demand, as appetite for consumer ABS outpaces supply in January.
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UK-based loan servicer Mount Street has bought EAA Portfolio Advisers, along with its contract to manage a €29bn loan and ABS portfolio of former WestLB assets, more than doubling the servicer’s assets under management.
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The Consumer Financial Protection Bureau (CFPB) announced on Wednesday that it is suing student loan servicer Navient for “systematically and illegally” failing borrowers by creating obstacles to loan repayment.
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California-based solar finance company Mosaic is preparing to hit the ABS primary market with an offering backed by loans on residential rooftop solar systems, the first such transaction since early 2016.
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FIG primary market activity slowed ahead of reporting season this week, though Phoenix Group Holdings printed the first ever tier three bond in sterling and BPCE was preparing to open the Samurai market for senior non-preferred.
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David Zhang, who headed securitized products modeling at Credit Suisse, has left the bank to join fixed income research and analytics firm MSCI.
