Latest news
Latest news
'Important to distinguish between a systemic industry issue and a specific operational challenge' says trade body
ECB is amending the Eurosystem eligibility criteria that could affect auto ABS deals
Senior triple-As at 120bp and 130bp over
More articles
More articles
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Zopa’s application for a banking licence is a clear vindication of a long-recognisable trend — as online lending platforms mature, they look to adopt the traditional models that they once appeared to shun. -
The US Department of Energy (DoE) released its updated residential Property Assessed Clean Energy (PACE) best practices framework last Friday, paving the way for the energy efficiency loan programme to scale nationwide.
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Verizon Communications’ priced its second mobile phone contract-backed ABS to strong demand on Wednesday, pulling in new investors and paving the way for future growth of what is projected to become a multi-billion dollar sector.
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Liberty Global subsidiary Virgin Media Mobile has structured a £125m private securitization backed by mobile handset loans, the first deal of its kind to be closed in the European market.
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Jefferies is marketing a second securitization backed by Lending Club collateral, but ABS players have expressed mixed reactions to the offering, citing lacklustre performance of previous deals and reports of a surge in delinquencies in loans originated online.
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Covered bond activity picked up sharply this week with as many as six deals surfacing from a wide range of lenders, even as conditions worsened.
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Fixed income volatility driven by political uncertainty should drive investors towards European structured credit, a market that is already benefiting from low supply and strong demand for bonds, according to a Bank of America Merrill Lynch research report.
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It has been a common argument in the post-crisis years that excessive regulation has hurt American consumers by blocking access to credit. Given President-elect Donald Trump’s repeated promises to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act — and the likelihood of a better business climate for banks — do consumers stand to benefit at all?
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BMW Finance has mandated banks to arrange its second French auto ABS deal, its third European securitization deal of the year.
