Big Wheels: Citizens to kick off first auto ABS issuance of 2024
Bank and credit union auto ABS issuance expected to increase this year
Citizens Financial Group is gearing up to issue the industry’s first prime auto asset-backed securities transaction of the year following the bank’s exit from auto lending in June, with multiple lenders also planning to issue subprime deals this month. Citizens’ $750 million asset-backed securitization (ABS) transaction backed by prime auto loans is expected to close […]
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