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The notes are secured by the issuer's right to title and interest in over 9,000 outdoor advertising sites in a dozen markets.

Income from single-family rental properties, distributed across more than a dozen states and 34 areas, back the notes. The deal should close later this month.

The private equity giant will serve as the investment manager for Vertical Capital Income Fund, a fund that is moving away from investing in residential mortgages to focus on the riskiest tranches of collateralized loan obligations. 

The Federal Reserve vice chair for supervision said regulators will adapt supervisory practices to account for advancements in machine learning.

For large banks, the agencies wanted to go above the global standards for residential mortgages, as well as some business loans, to avoid giving those lenders a competitive advantage over smaller peers, according to another person familiar with the proposal.

Prime quality U.S. vehicle leases back an issue comprising 91% class A notes.

The companies are both tapping the U.S. investment-grade primary market, kicking off a potential deluge of fresh bank bonds in the wake of second-quarter earnings.

In a data breach at OpenAI, some ChatGPT users were able to see other users' financial data. In other cases, users have invoked their dead grandmothers to access information that should have been sealed off.

One asset manager recalled the prelude to the global financial crisis and the 2001 dot-com bust, when companies that loaded up on debt when costs were low got hit with a steep bill years later.

The U.K. manager's assets have declined from peak of nearly $20 billion before a spate of 2020 losses.