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Until 2008, the roughly two dozen "primary dealers" designated by the Federal Reserve Bank of New York had a virtual stranglehold on the distribution of new US government debt.

The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn.

VZMT began securitizing business device plan revenue in 2021. Now, business accounts represent up to 10% of the current securitized asset pool.

Cars make up 37.9% of the pool, a representation that hasn't been that low since cars made up 35.08% in the 2020-2 deal.

The latest month's volume was more than $20 billion lower than in March 2020.

Goldman Sachs provided more details on its pullback from its once-grand ambitions to expand into consumer finance. Though parts of that strategy will remain, the New York bank will halt its personal loan business and postpone offering a checking account for its wealth management customers.

The chief investment officer is warningThe Federal Reserve could continue the fight against inflation in the second half, pushing terminal rates to as high as 6%.

Signature Bank of New York is pulling back from crypto deposits and has increased borrowings from the Federal Home Loan Bank of New York.

The middle-market manager's diverse funding sources provide extra dry powder amid industry headwinds, and a head start to 2023 as CLO arbitrage improves.

The subordinate classes receive only scheduled principal payments and are locked out of any unscheduled principal or prepayments for five years.