Investment Banking News
June 28, 2017

Top Stories
America's largest online marketplace connecting borrowers and investors, today closed its inaugural self-sponsored securitization deal. The Consumer Loan Underlying Bond (CLUB) NP Credit Trust 2017-NP1 (CLUB 2017-NP1) issued $279.4 million in notes backed by consumer loan assets facilitated through the LendingClub platform. The transaction marks the start of LendingClub's securitization program as Sponsor, Servicer and Administrator. 


Morgan Stanley's recent decision to partner 16,000 financial advisers with algorithms that can identify trades and prod brokers to reach out to clients is evidence of yet another in-road being made by machines into human roles. If brokers embrace this mind-and-machine partnership though, the payoff is job security in an industry in which returns are paramount.


For the third time in as many years, all 34 of the country's biggest banks met the minimum capital standards on first half of annual Federal Reserve stress tests designed to safeguard the U.S. from another financial crisis. The reviews gauge whether lenders with more than $50 billion in assets could withstand a hypothetical "severe global recession" in which the unemployment rate peaks at 10% by the third quarter of 2018 while equity prices fall by 50% through the end of this year.


As alternative investments become more mainstream, information about investment vehicles, underlying assets and other risk management data has become more important to investors, but best practices around transparency requirements are lagging behind the demand, according to a survey released today by Northern Trust.

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