The $4 trillion-asset bank posted its highest-ever annual profit but also said its CEO succession plan is still in the works.

Island is a first-time issuer and largely originates and services the loans through its network of 48 branches.

Notes will be repaid through a sequential pay structure that will require principal to be repaid in full to the class A1 ...

Crestline Investors, a Fort Worth, Texas-based alternative investment manager, recently sold a $1 billion, collateralized ...

The inaugural deal is expected to close by the end of the month. Among its structural features are cash trap and cash sweep provisions.

The prime pool can be upsized to $1.7 billion, and the base pool amount has a lower securitization discount rate of 9.60%, ...

The current deal adds a class E tranche, which provides subordination to the pool, unlike previous Oportun transactions ...

Fitch Rating says it noticed a greater preference for consumers to use cellphones for a longer period and previously decreased the assumptions for upgrade losses to 0.25%, from 0.35%.

In both scenarios of the 2025-1 series, the capital structure will issue notes through about eight tranches, including an overcollateralization piece representing 5.15% of the pool balance.