David Petrie

David Petrie is a systems consultant with Information Discovery, Inc. He has held information systems staff and management positions with Xerox, TransAmerican and Avco Financial Services.

TRENDING

Auto ABS

Ford Credit Floorplan Master Owner trusts raise $1.3 billion in notes

Both pools have exposures to large dealers, so losses could be more pronounced if one dealer goes bankrupt, while both series have revolving periods, when noteholders will not receive any principal.

By Donna M. Mitchell

7h ago
Community banking

Regulators issue guidance to community banks on third-party risks

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.

By Kyle Campbell

9h ago
M&A

FirstSun to switch regulators due to delays tied to HomeStreet deal

In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.

By John Reosti

May 3