Consumer ABS

Consumer ABS are probably going to be a higher-velocity market going forward given their shorter average-life profile, according to a presentation released this morning from Wells Fargo analysts.

Spanish securitizations may have proven more resilient than originally expected during the Eurozone crisis.

GE Capital has filed an S-3 with the Securities and Exchange Commission (SEC) dated May 16 to issue under its GE Capital Credit Card Master Note Trust.

In a emailed note released early this morning, Standard & Poor's analysts said that they expect auto-related ABS issuance to continue to track vehicle sales for the remainder of 2012.

Deliquencies for bankcards were lower or stable in April for six major issuers, although charge-offs were higher for four lenders, Standard & Poor's analysts reported in their midday commentary.

Federal Deposit Insurance Corp. (FDIC) General Counsel Michael Krimminger will be leaving the agency later this month to join the law firm of Cleary Gottlieb Steen & Hamilton as a partner in its Washington, D.C., office.

Moody's Investors Service today commented on how it evaluates the effect of global and bank credit deterioration in Europe on structured finance securities.

Triton Container is in the market with Triton Container Finance III LLC - Series 2012-1

The ABS market is seeing some deals market on the consumer ABS side, specifically in student loans and autos.

Ally Financial has been reportedly working on plans for a pre-packaged Chapter 11 bankruptcy filing for its troubled Residential Capital (ResCap) unit.