ABS

Enterprise Fleet Management is tapping the securitization market for the second time this year.

Verizon Wireless is making its first trip to the securitization market to help offset the expense of providing customers with financing for mobile phones.

Tax Ease Holdings is marketing $141.75 million of bonds backed by tax liens.

LendingClub Corp. named Scott Sanborn to replace its founder and chief executive officer, who resigned unexpectedly last month, and said it will dismiss 179 employees to cope with the decline in loan volume caused by the turmoil.

Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.

The Canadian subsidiary of CNH Industrial is sponsoring a securitization totaling more than CAN$526 million, backed by agricultural equipment loan receivables.

Spruce Finance, a provider of consumer financing for residential solar and home efficiency improvements in the U.S., has hired Darren Thompson as chief financial officer.

Duke Energy Florida's $1.3 billion utility fee securitization sets an important precedent.

Speculative-grade corporate liquidity seems to have improved over May and June, but Moody's warned the lowering of the stress index is due more to bankruptcy technicals, not "fundamental improvement."