Santander Consumer USA is following up on the subprime auto loan ABS it priced this week with a $1 billion securitization issued from its Chrysler Capital trust backed by mostly prime auto loan receivables for new/used vehicles, according to Standard & Poors.
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New York's top banking regulator Benjamin Lawsky, who used his leverage to stiffen penalties against some of the world's largest financial institutions, will probably step down next year to take a job in the private sector.
November 11 -
Bank of America Merrill Lynch expects issuance of securities backed by auto loans to hold steady in 2015 at about $100 billion.
November 11 -
Everest Reinsurance priced a $500 million catastrophe bond Friday off of its Kilimanjaro Re platform.
November 11 -
Highland Capital Management, a Dallas-based investment management firm, hired CLO expert Felicia Smith as managing director. She was previously at Santander Consumer USA
November 11 -
Hawaiis Department of Business, Economic Development and Tourism sold $150 million of green energy bonds.
November 10
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Chase sold an upsized $1.3 billion of three-year bonds backed by credit card receivables via its Chase Issuance Trust, according to a regulatory filing.
November 10 -
Morningstar thinks that there is a way to stop issuers of asset-backed securities from shopping around for the best ratings: compel them to publicly disclose the level of credit enhancement required by each rating agency for each tranche.
November 10 -
JP Morgan expects issuance of commercial mortgage bonds to continue to rise in 2015 to $105 billion, ahead heavy refinancing of existing deals.
November 10 -
Issuance of ABS, MBS and CMBS for the year through November 7, 2014.
November 9 -
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Investors in catastrophe bonds are broadening their exposure by taking on multiple perils and increasing the time period during which claims can be included in coverage.
November 7 -
Colony Mortgage Capital plans to finance its next pool of levered loans in a capital markets transaction dubbed Colony 2014-FL2.
November 7

