In this week’s newscast, NewOak Capital makes a hire; CMBS is impacted by the merger of Family Dollar and Dollar Tree; and ACA preps its third subprime auto loan ABS of 2014.
More From Asset Securitization Report
Bonds climb as Fed traders lock in September cut: markets wrap
Treasuries climbed across the curve, driving two-year yields down three basis points to 3.51%. Money markets almost fully priced in three Fed reductions by the end of 2025.
Trump admin lets bank CDFI program wither on the vine
Calls for applications for a bank-specific program within the Community Development Financial Institution Fund have been delayed, raising the possibility that those funds are unspent before the appropriated money expires.
The top-performing 20 public banks with under $2B of assets
Community banks that could reel in cheap deposits while keeping a lid on expenses were able to outperform peers in 2024.
Big banks are copying from private credit’s playbook
Citigroup, Barclays and Morgan Stanley are just a few of the firms joining JPMorgan in what suddenly feels like a rush into direct lending.
Private credit is the hot new thing, but its roots go back to 1980s junk bonds
Private credit is now the buzziest corner of Wall Street. These loans to companies charge floating rates, and the Federal Reserve's tightening campaign has lenders collecting double-digit yields.
