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JPMorgan Chase, HSBC Holdings and Credit Agricole were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a five-year investigation into the scandal.
December 7 -
Wells Fargos next commercial mortgage securitization follows a familiar pattern: it is characterized by low leverage, relative to transactions completed this year. And it relies on the inclusion of a pair of relatively high quality loans to boost the overall credit metrics of the pool.
December 7 -
TCF National Bank's latest prime auto loan receivables securitization is its largest to date, at $505.1 mililio
December 6 -
Many CLO managers would welcome a repeal of the soon-to-be enforced risk-retention requirement on deals. But while he sees 5% as slight "overkill," Crestline Denali Capital executive John Thacker sees merit in having skin in the game with investors.
December 6 -
An £821.7 million pool of higher-risk problem UK residential mortgage loans originated by GE Home Money Lending and other GEHML-affiliated is being pooled into in a new Towd Point Mortgage Trust asset-backed offering arranged through Credit Suisse.
December 6 -
The credit cycle is getting pretty long in the tooth, but CVC Credit Partners, a private equity firm based in Chicago, is hoping that theres still plenty of appetite for subprime auto loans.
December 6 -
A refinanced mortgage backed by the historic 85th Tenth Avenue building thats the east-coast home to Google as well as the New York birthplace of the Oreo cookie is being securitized via Deutsche Bank and Wells Fargo.
December 5 -
Fannie Mae joined Freddie Mac in announcing plans to delist some previously-issued debt Connecticut Avenue Securities, which transfer the credit risk on residential mortgages, from the Irish Stock Exchange.
December 5 -
Nearly seven months after the exit of former CEO Raymond LaPlanche, the first rated securitization of Lending Club loans has come to market.
December 5 -
Removing Fannie Mae and Freddie Mac from government control, as Treasury Secretary-designate Steven Mnuchin would like to, could mean the two entities will do more to compete for lenders' loans.
December 4

