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
14 days 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.

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Discover Financial Services Faces Delayed Filing Due to SEC Accounting Dispute

Discover Financial Services Faces Delayed Filing Due to SEC Accounting Dispute
5 months ago

Discover Financial Services is currently grappling with a significant internal matter that has led to the postponement of its regulatory filing. The company has disclosed that it is in the midst of an accounting disagreement with the U.S. Securities and Exchange Commission (SEC), which has necessitated this delay. As a prominent player in the financial services landscape, the outcome of this issue carries substantial implications not only for the firm itself but also for investors and the broader market.

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