Commercial Banks Shave ABS Holdings in Early 2004, Bank One Still Leads Sector
July 2, 2004
Bank One remained the top financial services holding company investor in the asset-backed securities market, with $31.4 billion in the first quarter of 2004. Overall, commercial banks scaled back their ABS holdings during the period. According to FDIC data that covers credit card, student loan, auto finance, open-ended home loans and other ABS, banks held $103.1 billion of these assets on their