CDOs/CLOs

Much like President-elect Donald Trump himself, expected Treasury Secretary-designate Steven Mnuchin represents something of a question mark for the financial services industry when it comes to his agenda

The November rush of new and refinanced collateralized loan obligations deals has quickly closed the gap on this year’s lagging levels of transaction volume compared to 2015.

Warning signs are growing in structured finance for 2017.

Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.

Donald Trump’s victory drew inevitable comparisons to Britain’s vote to exit the European Union in June, but so far the election results have failed to produce the kind of volatility seen in June – much less the extreme moves in financial markets experienced in January

Structured credit firm ZAIS Group has hired two new executives to spearhead its collateralized loans obligation and other asset-backed businesses out of London.

Issuance of U.S. collateralized loan obligations climbed to $8.4 billion (via 17 deals) in October, the highest monthly figure since June 2015, according to Thomson Reuters LPC.

This year, industry heavyweights Goldman Sachs, Wells Fargo and Quicken all burst onto the digital lending scene. These big firms may have been latecomers, but their timing was still good, since they came to market amid rising doubts about many of the online lending sector's early entrants.

The risk premium that investors demand for holding CLOs continues to decline as refinancing activity continues to dominate the new issuance, and the trend looks set to continue heading into the final two months of the year.

Investcorp is buying the debt management business of 3i Group for £222 million (US$270.6 million, giving the Bahrain-based private equity firm with one of the larger cross-border CLO management operations.