Auto lenders brace for hit from ride-sharing services
As apps like Uber and Lyft gain more traction, the need for new cars — and loans — is expected to diminish.
U.S.
CLOs face uncertain transition to post-Libor market
While leveraged loans may use prime as a fallback, getting unanimous consent from collateralized loan obligation investors to use an alternative benchmark could be a challenge.
By
Glen Fest
