Vion Investments CEO says securitisation market delinquencies, defaults are 'canary in the coal mine'

March 30, 2023 04:21 AM AEDT | By Reuters
Follow us on Google News:

March 29 (Reuters) - The CEO of $6 billion Vion Investments Stacey Schacter said on Wednesday that delinquencies and defaults in the securitisation market, particularly in market place lending, are "the canary in the coal mine."

The rise of delinquent auto and fintech marketplace loans that had been packaged in structured finance products called securitisations, would be a great opportunity for private equity firms, Schacter told an audience at The Alternatives and Distressed Lending Summit in London. (Reporting by Nell Mackenzie in London Editing by Chris Reese)


Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK