Capital & Funding
4 auto ABS issuers set for $4B in new prime and subprime deals
Four auto asset-backed securities (ABS) issuers came to market this week with $4 billion in fresh prime and subprime deals,...
Consumer Portfolio Services doubles credit facility to $200M
Consumer Portfolio Services (CPS) has doubled its credit facility with Ares Agent Services to $200 million as the company looks...
VW sticks to Porsche IPO plan, eyes battery listing as soon as 2023
Volkswagen AG is sticking to a plan to list its iconic Porsche sports-car maker later this year as Europe’s biggest...
Banks raise prime lending rates in line with Fed jump
Major banks began increasing their prime lending rates today on the heels of the biggest Federal Reserve benchmark rate increase...
Ford Credit cutting debt exposure by $2.5B in face of weakened auto market
Ford Credit is looking to reduce its debt exposure and liquidity as tight vehicle supply is expected to limit auto...
Vehicle shipping fintech RunBuggy secures series A funding
Vehicle shipping fintech RunBuggy secured a series A funding round last week, bringing its total amount raised to $19 million....
Lenders to start acquiring fintechs to form ‘super apps’
Lenders may soon have the opportunity to acquire fintechs at depressed valuations as economic conditions decline and fintech operational costs...
Caribou looks to pad engineering team and marketing reach with second Goldman Sachs investment
Auto refinance fintech Caribou, formerly MotoRefi, reached unicorn status late last week after raising $115 million in a series C...
