CLOs

Leveraged lending has avoided pandemic hit. Will that last?

10/15/20

Defaults have been milder than expected thanks to government relief and stricter underwriting. But with the crisis dragging on and policymakers unable to agree on a stimulus plan, loans to highly indebted companies remain at risk.

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Morgan Stanley deal signals race for scale at fund managers

10/09/20

Morgan Stanley’s $7 billion purchase of Eaton Vance marks the latest wager that finding a big partner is critical to survival in the asset management industry.

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Truist sells legacy SunTrust CRE loan-servicing platform

09/23/20

The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.

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No, CLOs will not cause the next banking crisis

06/22/20

An article in The Atlantic warning that collateralized loan obligations will be banks’ next downfall overestimates the risk of these securities.

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Banks prepare to reopen branches; unused $130 billion in PPP loans goes begging

06/11/20

Lenders stock up on masks, Plexiglas barriers and cleaning supplies; lawmakers hope recent fixes will attract more borrowers, but small businesses remain wary after constant changes.

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Goldman's mixed message; Fannie and Freddie have a tall order

05/28/20

COO says bank is on track to meet growth targets but expects more consumer lending losses; the mortgage agencies’ ability to raise $240 billion in capital before going private won’t be easy.

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Fed expands CLO assistance with TALF revision

05/13/20

But market observers remain unsure whether changes to the $100 billion Term Asset-Backed Securities Loan Facility program will boost CLO investor demand or new-deal issuance, given key restrictions that remain in place.

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5 more moves the Fed is making to prop up the economy

04/09/20

Midsize businesses and state and local governments are among the beneficiaries of the central bank's latest $2 trillion effort to mitigate the economic damage caused by the coronavirus pandemic.

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Virus could deal blow to leveraged loans. What's that mean for banks?

03/11/20

Banks may be protected from a direct hit, but they have invested in vehicles that include such loans, potentially exposing them to defaults.

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Leveraged loans take center stage in upcoming stress tests

02/11/20

Regulators are alarmed about banks' rising exposure to high-risk corporate credits and want more data on how they would perform in a recession.

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