Editors' picks for the week include President-elect Donald Trump's pick for Labor secretary likely challenging the conflict of interest rule, and Athene CEO James Belardi drawing parallels between his present company and SunAmerica.
Boenning & Scattergood insurance hire was a couple of years in the making
It took some time, but Boenning & Scattergood Inc. added an insurance equity research analyst. Director of Research Matthew Schultheis said the company looked for at least two years before announcing the hire of insurance analyst Robert Farnam.
$100M subprime auto ABS deal hits the Street as headline risk re-emerges
As new concerns emerge about the outlook for subprime auto finance from both macro and micro perspectives, a new ABS deal has come to market that could say much about the appetite for a certain segment of the asset class.
Kroll Bond Rating Agency on Dec. 5 issued preliminary ratings to the $100 million Honor Automobile Trust Securitization 2016-1, or HATS, the inaugural deep subprime transaction sponsored by the CIVC Partners LP-backed Honor Finance LLC.
Athene CEO evokes SunAmerica in IPO pitch
Days ahead of the expected Dec. 8 pricing of Athene Holding Ltd.'s initial public offering, Chairman and CEO James Belardi favorably compared his current company to an organization he helped lead years ago: SunAmerica Inc.
Trump's labor secretary choice may signal Conflict of Interest Rule challenge
With the selection of Andrew Puzder for secretary of Labor, a federal challenge to the current Department of Labor's Conflict of Interest Rule appears likely under President-elect Donald Trump's administration — though it could be months before the new administration can mount an attack.
E*TRADE may be open to deal, but CEO not 'running to sell' broker
E*TRADE Financial Corp. will consider several options, including a sale, if it fails to achieve its 2% to 3% growth target in 18 to 24 months, but CEO Karl Roessner believes that the company will deliver on its promise.