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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BMW Bank and AMAG Leasing are readying new deals in the European auto ABS market, following recent new issues from LeasePlan and Volkswagen. -
The long-awaited debut marketplace lending ABS in Europe was announced on Thursday, with Deutsche Bank arranging and leading SBOLT 2016-1, an SME ABS back by a £130m pool of loans originated by Funding Circle and bought by KLS Diversified Master Fund.
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The €14bn European Union-backed fund designed to support Europe’s small and medium sized enterprises has taken a €2bn chunk of German SME and mid-cap exposures off of Commerzbank’s future balance sheet via a synthetic securitization.
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Fresh off the back of its German lease ABS, VCL 23, which priced last week, Volkswagen Financial Services chief financial officer Frank Fiedler announced that the lender was planning new ABS programmes in Italy and Korea.
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Volkswagen made a successful return to the German auto lease ABS market, hitting its desired spread level at pricing.
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Companies looking for reform of the Consumer Financial Protection Bureau (CFPB) may have to wait until after the next election, following a contentious hearing in the US Senate on Tuesday that dashed any hope of an overhaul.
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Europe's banks are failing to use a capital subsidy for small and medium enterprise lending which was added into capital rules against the advice of the European Banking Authority.
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Volkswagen is planning a new €721m German auto lease ABS deal, with the collateral pool showing the number of emissions-affected vehicles in new deals from the company’s ABS programme is declining.
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GMAC sold the £300m senior tranche of a £329.6m UK auto ABS deal on Tuesday, retaining the rest of the deal.
