Morgan Stanley and Bank of America Merrill Lynch are marketing $1 billion of commercial mortgage backed securities. At the same time JP Morgan and Barclays began marketing a $1.4 billion CMBS.
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Synchrony Bank, which up until June 2014 was known as GE Capital Retail bank, plans to issue $590 million in bonds backed by credit card receivables under a renamed master trust.
November 12 -
The next green securitization is likely to be from the Warehouse for Energy Efficiency Loans (WHEEL) program.
November 12 -
American Express plans to issue bonds backed by credit card receivables from its master trust.
November 12 -
Will government-sponsored enterprise reform be affected by Republicans taking back control of the Senate? The first reactions from the industry and punditry indicate there are three possibilities: yes, no, and we can't be sure.
November 11 -
Milan-based Agos Ducato, a subsidiary of Credit Agricole, plans to issue securities backed by a 1.5 billion ($1.87 billion) portfolio of unsecured Italian consumer loan receivables.
November 11
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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 -
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

