Europe

The pioneering online lender Kabbage has raised $135 million in new equity financing, with three large multinational banks among the lead investors, the company announced Wednesday.

BBVA Compass is returning to the U.S. securitization market after a 17 year absence with $500 million of bonds backed by prime auto loans.

Lloyds Banking Group is its U.K. Permanent master trust and plans to offer bonds denominated in US dollars, UK sterling and euros, according to Moody's Investors Service.

Fannie Mae has completed a credit risk sharing transaction that transfers the actual losses on mortgages it ensures – to reinsurers, as opposed to capital markets investors.

Volkswagen’s decision to halt sales of diesel cars in the United States that are involved in a recall puts bonds backed by dealer floorplan financing at risk

NewStar Financial has launched a $400 collateralized loan obligation that complies with European risk retention standards, according to Fitch Ratings.

CLO market is still open: American Capital has closed one deal and CIFC has priced another.

Joshua Baumgarten will leave The Blackstone Group in 2016 for Angelo, Gordon & Co. where he has been named head of credit.

The Turkish Catastrophe Insurance Pool has completed a second catastrophe bond through a new shelf bond program dubbed Bosphorus Ltd.

Moody’s Investors Service’s rankings of the U.S. collateralized loan obligations shows that the market share of the top 10 declined slightly between January and July

Navient is marketing a $700 million private student loan securitization, according to Standard & Poor’s.

Goldman Sachs is marketing commercial U.K. mortgage bonds backed by a portfolio of distribution warehouses owned by Logicor.

Z Capital Credit Partners LLC is something of a rarity these days: a first-time CLO manager.

CLO managers are receiving a small concession from regulators that will allow them to refinance most of their issues in two years without triggering risk-retention rules.

Barclays Plc Chairman John McFarlane, barely two months into the job, ousted Chief Executive Officer Antony Jenkins and pledged to tackle a "cumbersome and bureaucratic" bank.

After slowing in May to $5.66 billion, U.S. CLO issuance bounced back to $11 billion in June, bringing total volume for the first half of the year to $58.3 billion, according to Thomson Reuters.

Shorter non-callable periods are gaining traction as a way for CLO managers to avoid rules that will require them to keep “skin in the game” of deals printed after December 2016.

Two peripheral European issuers are ready to dive back in to the market for residential mortgage backed securities.

Terex Corp., a manufacturer of heavy equipment, has closed on its first asset-backed commercial paper conduit.

Volkswagen is prepping a €500M French Auto Loan Securitization, its second in 20 months.