TD Bank, the U.S. unit of the Canadian bank, has hired Christopher Fred as its new head of U.S. credit cards and unsecured lending. The bank's retail partners include Target and Nordstrom.

Corporations are navigating shifting geopolitics, and M&A bankers are advising them as they consider selling off faraway units and focusing more on assets closer to home or in friendlier countries.

The move from Republican senators mirrors an effort launched in the House, where Citibank also provides credit cards for congressional business. Republicans will be unable to enact such changes unless they take either chamber in upcoming elections.

The senior notes will repay investors pro rata, and the mezzanine and subordinate notes will repay sequentially.

Yields rebounded, trimming declines of two to three basis points across maturities, after the US Bureau of Labor Statistics' Job Openings and Labor Turnover Survey for April.

Through May 27, the Bloomberg Treasury Index gained 0.7% on the week, on course for its best weekly performance since Feb. 27, the day before the war started.

S&P sets an estimated cumulative net loss of 2.85% for the CRVNA 2026-P2 notes, unchanged from the CRVNA 2026-P1, because the collateral characteristics were unchanged.

Concerns about the fast-growing $1.8 trillion private debt market have bubbled up this year as redemption requests from retail funds accelerated.