U.S. Bank launched a new asset backed securitization lending business, which will provide non-recourse commitments secured by consumer and commercial receivables.
With this new capability, U.S. Bank leverages its direct corporate lending experience to provide clients with an additional credit product.
Twenty-five-year industry veteran Bo Weatherly joined U.S. Bank in 2016 and will serve as managing director for the new business. In anticipation of the product launch, Weatherly brought together a team of established industry experts, each with an average of 20 years of experience in the asset-backed securitization markets.
