LendingClub, the online loan platform looking to restore investor confidence, is in talks with Citigroup to arrange more funding for the debts it arranges, according to a person with knowledge of the matter.
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Underwriting league tables for asset-backed securities for the year through July 15, 2016.
July 15 -
Portfolio managers are expecting deteriorating credit conditions in spreads and defaults in North America and Europe this summer, as the Brexit contagion spreads around the globe. In particular, 68% of managers worldwide expect to see growing defaults in the European investment-grade space this summer.
July 15 -
Ford Motor Credit is marketing $777 million of bonds backed by lines of credit that it extends to auto dealerships, according to Standard & Poors.
July 14 -
Higher conforming loan limits in high-cost areas create a risk-sharing dilemma, due to limits on how many can be bundled into plain-vanilla mortgage bonds. Here's Freddie Mac's solution.
July 14
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Fitch Ratings and Moodys Investors Service have assigned preliminary ratings to a 700 million, 18-month revolving securitization of unsecured consumer auto loans issued and serviced by Banco Bilbao Vizcaya Argentaria, S.A.
July 13 -
Americans' longstanding relationship to automobiles owning them, driving them is set for a dramatic shift, and so is auto finance.
July 13 - Europe
Santander Consumer Holdings appointed William Rainer chairman, and it announced that Blythe Masters has resigned to advise Banco Santander its Spanish parent company on the blockchain.
July 13 -
Online marketplace lenders found themselves in the congressional crosshairs Tuesday just as some lawmakers are attempting to provide the industry with sought-after reforms.
July 12 -
Leveraged loan market participants will have to wait a little longer for a big change meant to speed up trade settlement.
July 12 -
Wells Fargo is marketing its second commercial mortgage securitization in two months, this time with a focus on smaller-market retail, hotel and office properties.
July 12 -
OneMain is testing investor appetite for a new kind of subprime auto loan, one that allows borrowers to cash out some of the equity in their vehicles. OneMain, formerly known as Springleaf Financial, is one of the first to securitize a pool of primarily cash-out refinancing auto loans.
July 11




