Latest news
Latest news
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
First European buy now, pay later securitization expected next year
More articles
More articles
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KKR closed a $1.1bn risk retention fund on Tuesday, and the firm’s co-head of real estate credit told GlobalCapital that market consolidation brought on by risk retention has strengthened credit quality in the asset class. -
Structured finance veterans Marc Sefton and Kieran McSweeney have launched firm focusing on lending to companies in the specialty finance sector.
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Guggenheim Securities has hired the former global head of fixed income loans at Lehman Brothers as a senior managing director in US leveraged loans and high yield.
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A US Treasury report on capital markets, published on Friday, struck a populist tone, saying the rise of private credit at the expense of public market sources of financing has snatched money-making opportunities away from average Americans. But it is investment banking that has most to gain from a boost to public debt markets, not individual investors.
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A capital markets report from the US Treasury said that post-crisis regulation has hindered the US securitization market, and proposes a set of regulatory tweaks largely not requiring Congressional involvement to ease the burden on market participants.
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Banks are trying to digest the implications of a new move by the European Central Bank, which would set a deadline by which new non-performing loans should be fully written off. This could spark a rush to declare NPLs before the end of this year, write Owen Sanderson and Jon Hay.
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Football clubs have become revenue generating machines, and with the English Premier League set to ban clubs from borrowing from non-Financial Conduct Authority regulated institutions starting next year, GlobalCapital investigates how some of the Premier League’s biggest teams fund their operations.
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Former Discover Bank CFO Roy Guthrie has been tapped to replace JP McNeill as CEO at residential Property Assessed Clean Energy (PACE) shop Renovate America.
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ABS buyers from the UK and continental Europe are operating as normal, with little concern for the Brexit cliff edge around the corner, according to panellists at the TSI Congress 2017 in Berlin.
