LendingClub Corp. founder and Chief Executive Officer Renaud Laplanche resigned after an internal review of loan sales to a single investor, and president Scott Sanborn was named acting CEO.
-
Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.
June 23 -
The Canadian subsidiary of CNH Industrial is sponsoring a securitization totaling more than CAN$526 million, backed by agricultural equipment loan receivables.
June 23 -
DFG Investment Advisors has raised a $100 million fund that it will use to satisfy impending regulations enacted as part of the Dodd-Frank Act requiring CLO managers to have skin in the game of their deals.
June 22 -
SG Commercial Mortgage Securities Trust 2016-C5 is the first publicly registered asset-backed commercial mortgage offering through the trust since forming its U.S. CMBS business 18 months ago, and closing its first commercial real estate loan in April 2015.
June 22
-
Spruce Finance, a provider of consumer financing for residential solar and home efficiency improvements in the U.S., has hired Darren Thompson as chief financial officer.
June 22 -
Online lender Social Finance, or SoFi, found a ready market for its inaugural rated offering of bonds backed by unsecured consumer loans.
June 22 - Europe
The Shops at Crystals, a Las Vegas luxury shopping mecca of gilded names like Louis Vuitton and Prada, is securitizing a portion of its new commercial mortgage loan in a $300 million trust notes issuance.
June 21 -
Navients next student loan securitization is backed entirely by federally guaranteed loans to borrowers who were once in arrears but are now making timely payments.
June 21 -
Bond rating agency DBRS has assigned provisional ratings to an asset-backed vehicle comprised of 1.2 billion of consumer personal and mortgage loans originated by Spanish bank Caixabank.
June 21 -
A mix of esoteric lease receivables from real estate, equipment and auto transport assets is being securitized through a 1.03 billion notes offering from Alba Leasing, an Italian corporate credit finance firm.
June 21 -
Duke Energy Florida's $1.3 billion utility fee securitization sets an important precedent.
June 21



