Carlyle and KKR Offload $1 Billion in Asset-Backed Securities Linked to Discover Financial Loans

Carlyle and KKR Offload $1 Billion in Asset-Backed Securities Linked to Discover Financial Loans
1 month ago

In a significant financial maneuver, leading private equity firms Carlyle Group Inc. and KKR & Co. have announced the sale of $1 billion in asset-backed securities (ABS) associated with a loan portfolio held by Discover Financial Services. This deal represents a strategic move amidst evolving market conditions and highlights the ongoing appetite for securitization in the financial sector.

Continue reading
Capital One's Profits Soar 55% Amidst Growing Card Loans and Expanding Margins

Capital One's Profits Soar 55% Amidst Growing Card Loans and Expanding Margins
3 months ago

In a significant financial update, Capital One has reported a remarkable 55% surge in profits, showcasing a robust performance fueled by expanding profit margins and an uptick in credit card loans. This substantial growth reflects the company’s strategic maneuvering within the competitive financial services landscape, as they effectively leverage consumer credit demand amidst a fluctuating economic environment.

Continue reading