Huntington Bancshares on Friday provided a Q4 investor update, which included a completed synthetic credit risk transfer related to $3B in prime auto loans on December 19. The transaction is expected to reduce risk-weighted assets by $2.4B, which risk-weight moving from 100% to 20% on a selected pool of assets, Huntington said. As a result, the bank’s common equity tier 1 capital is expected to benefit by 17 basis points.
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