Latest news
Latest news
Hire follows launch of new asset backed finance fund
Karen Anzalone joins law firm's structured finance and securitization practice
Bank continues to build in priority area
More articles
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Pons goes to Axa — ECM's Balt heads to alt plastic firm — Esteve joins Barclays -
CLO trader Olivier Pons has left BNP Paribas’ secondary trading desk after 15 years with the bank, moving to an investment manager.
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The coronavirus pandemic has led to tensions between whole business ABS issuers and investors, amid wrangling over management fees. While investors worry that waiving fees that issuers pay to the corporate parent may mask true risk in the deals, issuers argue it is critical to preserve liquidity at a time of unprecedented corporate distress.
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James Benamor called a second shareholder vote in four months on Thursday to replace the board of Amigo Holdings, the troubled UK guarantor loan company he founded in 2005, after the board rejected his proposals — including reappointing him as CEO.
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The Colorado attorney general reached a settlement with marketplace lenders Avant and Marlette Funding on Tuesday that enables the lenders to keep working with partner banks under safe harbour provisions if they comply with rules set out by the state. Market participants said the settlement is a clear win for online lenders, as it brings legal certainty, and it may guide other states in resolving “true lender” issues.
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Paul, Weiss, Rifkind, Wharton & Garrison has hired Charles Pesant as partner in the securitization practice group and in the corporate department in New York.
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UK politicians should prepare for mortgage holidays becoming a political hot potato after borrowers who took payment holidays just-in-case realise that their financial well-being may not be as unscathed as they first anticipated.
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Amigo’s estranged founder wants to return to Britain’s biggest guarantor loans provider, floating the possibility of another shareholder vote, after selling more than 40% of the company, reducing his stake to below 20%.
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A new Brazilian law is set to boost credit card ABS securitizations from non-bank lenders, helping the alternative sector to thrive despite the economic fallout from coronavirus.
