subprime

Subprime Auto Securitization Was a ‘House of Cards’
Risk & Compliance

Subprime Auto Securitization Was a ‘House of Cards’

The former principals of Honor Finance misrepresented the quality of loans that they packaged into a $100 million securities offering, the SEC says.
By Matthew Heller | September 24, 2021
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Ex-Deutsche Trader Accused of RMBS Fraud
Risk & Compliance

Ex-Deutsche Trader Accused of RMBS Fraud

The bank's former head of subprime trading allegedly misrepresented the quality of securitized loans to protect Deutsche's bottom line and his own salary.
By Matthew Heller | September 12, 2017
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Non-Prime Online Lender Sets IPO Terms
IPOs

Non-Prime Online Lender Sets IPO Terms

Elevate Credit loans money "to the vast and underserved segment of 170 million non-prime consumers in the U.S. and U.K."
By Vincent Ryan | March 28, 2017
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Citi Sells OneMain to Subprime Lender
Credit

Citi Sells OneMain to Subprime Lender

Citi has now sold more than 60 businesses and reduced assets in its "bad bank" Citi Holdings by more than $700 billion.
By Katie Kuehner-Hebert | March 3, 2015
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CFO Savors Wild World of Consumer e-Lending
Technology

CFO Savors Wild World of Consumer e-Lending

Having had enough of highly regulated, big-bank commercial lending, Suk Shah revels in his new-found flexibility as a leader.
By David McCann | December 9, 2014
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