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Latest news
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
Koning to leave in the next year
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Lending Club is exploring the idea of operating as a bank or obtaining a fintech bank charter in order to keep pace with a changing lending and regulatory landscape, an executive from the marketplace lender said on Thursday. -
The great and the good of the European Union were lining up last week to pat themselves on the back for passing securitization reform, including the framework for the long-awaited simple transparent securitization label, but officials should forget the self-congratulatory crowing, and work to make ABS a more attractive funding option for issuers.
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Residential Property Assessed Clean Energy (PACE) shop Renovate America announced a 100-person staff reduction, though capital markets functions remain untouched as the company plans its next ABS transaction.
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The European Parliament gave final approval to new common rules for securitization in the European Union on Thursday, in addition to finalising the simple, transparent and standardised (STS) securitization framework.
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The investigative arm of the US Congress has told US regulators that the leveraged lending guidelines should be open to review. But this is nothing new — borrowers have been acting as if they are open to interpretation for some time.
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Goldman Sachs has hired a London-based managing director to expand its corporate structured finance operations.
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World Bank president Jim Yong Kim has told Caribbean leaders it is time to think creatively about ways to deal with the region's debt, low growth and the vulnerabilities posed by climate change-provoked disasters. By Lucien Chauvin, Oliver West and Virginia Furness.
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The European Union has fixed a regulation which would have accidentally banned securitization of many legacy assets, after an outraged response from the industry when the planned rule was published in the summer.
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UBS’s EMEA leveraged finance business has been through the wringer, but co-head David Slade, who joined in 2015, is rebuilding it.
