Consumer ABS

Both TD Bank and Scotiabank may reportedly be among more than 15 bidders for the non-U.S. operations of Ally Financial.

These banks have completed more than $4.16 billion in cross-border credit card ABS issuance year-to-date.

Credit card indicators are looking good with August numbers showing charge-offs decreasing for most asset-backed securities trusts, Citi analysts said.

Early results for the 2012 vintage subprime auto ABS transactions have shown that cumulative net loss rates in the sector are comparatively "well behaved," Wells Fargo analysts said.

Federal banking agencies today announced a regulatory capital estimation tool to evaluate recently published Basel III capital proposals.

Royal Bank of Canada plans to issue credit card transactions under its Golden Credit Card Trust Series 2012-5 and Series 2012-6.

Canadian credit card ABS provides good diversification as well as spread pickup for U.S. credit card buyers, Citigroup Global Markets analysts said.

A group of Republican state attorneys general has declined to sign cooperation agreements with the Consumer Financial Protection Bureau.

Standard & Poor's noted that the effect of Santander's acquisition of DriveTime's ABS portfolio is unclear at this point because both companies are active auto issuers.