Consumer ABS

Five of Spain's smaller regional lenders, known as cajas, were among the seven banks to fail the European Union stress test.

Some European market players said that there is increasing appetite by outside buyers for European ABS.

Only seven banks failed the European stress test results for financial institutions. The question remains whether the test has done enough to ensure the strength of European financial institutions.

General Motors Co.'s deal to buy AmeriCredit Corp. says as much about the state of consumer finance as it does about the auto industry.

The Securities and Exchange Commission (SEC) will give securitization issuers six months to omit credit ratings from ABS registration statements filed under Regulation AB, the SEC announced Thursday in a 'no action' letter.

Syncora Guarantee on Wednesday will begin paying insurance claims on regularly scheduled payment dates following the approval of its remediation plan by its regulator.

As if Greece didn't have enough on its plate, now banks looking to securitize Greek assets face a 'AA' threshold on many of the country's deals. This is a result of its sovereign and domestic downgrade to triple-B that happened a month ago.

Santander Consumer Bank sold an upsized €700 million auto-backed deal.

General Motors’ (GM) and Chrysler’s mass closure of auto dealerships last year may not have helped the Detroit companies and likely was an unnecessary burden on the fragile U.S. economy, according to a government report that examined how the U.S. Treasury Department handled the automaker restructurings.

Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.