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Investors brace for more FTX-like blowouts in the private equity industry and expect a good year for investment grade credit, survey shows.

The deal also differs from other bank-sponsored, CLN transactions in that the rating agency will not limit the ratings to SBNA's long-term counterparty risk rating.

Roughly 40,000 residents of Moore County have been left without power since Saturday, when gunfire damaged two substations. Financial institutions are urging residents to use online banking and call centers if they do not have access to a branch.

Home prices dropped again on a monthly basis in October, exacerbating the loss in home equity among recent buyers, but the size of the falloff was the smallest since June.

European banks are snapping up large pieces of their own collateralized loan obligations, keeping the market for CLOs afloat in the absence of the U.S. and Japanese banks.

In an appeals court filing, the Consumer Financial Protection Bureau wrote that a federal judge "ignored regulatory text, history and context" when she ruled against a PNC customer. The consumer argues that the bank shouldn't have pulled funds from his checking account after he was tardy in making payments on his home equity line of credit.

All of the loans must be fixed rate, and at least 90% of the loan balances must be to borrowers with a cosigner.

These types of transactions largely disappeared from the market for years after the Great Recession.

Rule 15c2-11's public disclosure requirements could inhibit Rule 144A issuers unless addressed.

Florida is pulling about $2 billion from BlackRock, the largest anti-ESG withdrawal announced by a U.S. state, as Republicans ramp up their ESG fight.