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Early amortization triggers and the use of cross-currency swaps will support the timely repayment of notes on the hybrid private and rule 144a deal.

An administrative law judge has recommended that a trio of onetime Wells executives be ordered to pay a combined $18.5 million in connection with the bank's fake-accounts scandal.

The products are currently limited to a single distribution channel, but the company hasn't ruled out offering them through third-party originators in the future.

The deal will close for $10 million in cash, plus the right to purchase nearly 33.9 million shares of common stock.

More recent OMFIT securitizations have experienced increasing 30+ delinquencies as well as annualized net loss rates.

The pact binds them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings in recent years.

The notes also face a credit challenge because there is no mandatory repurchase of modified loans.

Deterioration in credit quality should put strain on collateral originated in late 2021 and early 2022, affecting performance, Barclays Credit Research said.

Bank of America is slowing hiring as fewer employees leave in an attempt to manage the company's headcount ahead of a possible U.S. recession, Chief Executive Brian Moynihan said.

Proceeds from the sale of the bonds will be used to replenish and fund Entergy New Orleans' storm recovery reserves that had been depleted after Hurricane's Zeta and Ida.