Consumer ABS

Rule 17g-5 could be enhanced to offer structured finance buyers with more transparency on the rating agency selection process, according to a comment letter Fitch Ratings is submitting to the Securities and Exchange Commission. (SEC).

Capital One Financial Corp. has taken the second step that had seemed inevitable.The McLean, Va., bank has agreed to buy the monoline U.S. credit card and private-label credit card businesses of HSBC for a $2.6 billion premium, according to press releases issued Wednesday by Capital One and HSBC. That is an 8.75% premium for the roughly $30 billion card portfolio, the releases said.

CIT Group has appointed Nelson J. Chai as president, the company said today.

As largely expected by the securitization market, Standard & Poor's said today that it has lowered its long-term sovereign credit rating on the U.S. to 'AA+' from 'AAA'.

Issuance in the auto ABS sector year-to-date was at $34.4 billion at the end of July 2011.

John Deere has filed an S-3 with the Securities and Exchange Commission (SEC) to issue an ABS transaction.

Russell filed on July 29 a registration statement with the Securities and Exchange Commission (SEC) for Russell Core Fixed Income ETF.

Global financial firms are in danger of drowning in the ocean of uncertainty that floats between the rhetoric of the G-20 and the reality of international regulation.

Last night Moody's Investors Service confirmed the U.S. 'Aaa' government bond rating, although the agency maintained a negative rating outlook.

A recent federal appeals court decision is likely to cause the delay of dozens of pending Dodd-Frank Act regulations.