Editors' picks for the week include an article on the growth of Morgan Stanley's lending business and a report on Credit Suisse as it topped the specialty finance common equity league table through the third quarter.
Lending becoming bigger business for Morgan Stanley
Morgan Stanley has been able to leverage its wealth management client base and produce loan growth at a rate that is more than 4x faster than the banking industry as a whole.
Credit Suisse tops specialty finance common equity league table through Q3
Two third-quarter deals helped Credit Suisse (USA) Inc. move up to the top spot in the specialty finance common equity adviser rankings by deal value for the nine months ended Sept. 30.
Reserve releases continue to boost P&C underwriting results
Continued favorable development of reserves for prior accident years may offer a partial offset to the likely elevated level of underwriting losses the P&C industry will incur from the current, catastrophe-riddled calendar year.
Nonbanks overtake banks in mortgages for 1st time since '06
For the first time since the lead-up to the 2008 financial crisis, nonbanks originated more mortgages than banks. However, some experts think it might be more of a blip than a long-running trend.
New $662.2M securitization offers a glimpse into Navient's future
Navient Corp.'s first private student loan securitization in 20 months has majority backing by refinance loans, the type of product to which its acquisition of Earnest will provide greater access.