Cap Markets

Resetting allows CLOs to essentially cut the costs at which they borrow, leaving more money for holders of the riskiest and highest-returning part of the structure, the equity portion, after other note holders have been paid.

Bonds backed by car loans made by U.S. Auto Sales and American Car Center, two used-car dealers that shut their doors earlier this year, have been veering into distress in recent weeks. Meanwhile, borrowers have been falling behind on payments.

New loan acquisitions fell to their lowest level since 2020, but companies also grew shares of residential securities noticeably over the past three years, S&P Global Market Intelligence said.

Bond traders have overestimated month-over-month headline inflation heading into four of the last seven Consumer Price Index releases, says strategist Raghav Datla.

The House Financial Services Subcommittee on Financial Institutions and Monetary Policy debated bills that would lower some banks' regulation and allow banks to pay some Deposit Insurance Fund assessments with Treasuries.

Led by Chairman Marshall Reynolds, the entire board of directors participated in a private placement that raised $10 million for the Hammond, Louisiana, company.

The banking giant plans to put all asset managers through training in Python programming language, whether they 'like it or not.'

Berkshire's move out of several financial stocks and into Capital One in the first quarter, detailed in a regulatory filing Monday, comes after CEO Warren Buffett said publicly he was cooling on the sector.

The resignation comes after the bank was placed on the state treasurer's list of fossil fuel industry boycotters.

The lender is the first of the six biggest US banks to brave the corporate bond markets since a series of bank failures in March sent risk premiums on financial debt soaring.