Commercial banking

Octavio "OJ" Laos is a director at Armanino, leading the charge in the firm's AI Lab. Over the past five years, the AI Lab at Armanino has been at the forefront of AI technology within the accounting sector, delivering solutions ranging from custom chatbot development to predictive analytics.

Each manufacturer commits to repurchasing unsold new vehicles in inventory when the dealer terminates the agreement—if they are undamaged and unused.

Ian Vacin is co-founder and chief partnerships officer at Karbon and is co-author of Scale with Purpose: The Service Entrepreneur's Guide to Intentional Growth. He has nearly three decades of leadership experience in technology and accounting with Karbon, Xero and Intuit, and is passionate about helping accounting professionals be as successful as possible so they can better serve the small businesses they support.

The pool appears to be well diversified by loan originator. Vista Point Mortgage and FundLoans Capital together originated the largest portion of the portfolio, representing 29.3%.

An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according to National Association of Realtors data released Wednesday.

Underwriting league tables of asset-backed securities through October 23, 2025

Underwriting league tables of asset-backed securities through October 16, 2025

Underwriting league tables of asset-backed securities through October 9, 2025

Underwriting league tables of asset-backed securities through October 2, 2025

Underwriting league tables of asset-backed securities through September 25, 2025

Issuance volume of asset-backed securities for the year through October 23, 2025

Issuance volume of asset-backed securities for the year through October 16, 2025

Yields on 10-year notes rose two basis points to 3.99% after falling the previous two sessions, while monetary policy-sensitive two-year notes held steady around 3.49% Wednesday morning.

Issuance volume of asset-backed securities for the year through October 9, 2025

Issuance volume of asset-backed securities for the year through October 2, 2025

Issuance volume of asset-backed securities for the year through September 25, 2025

Max Gokhman is deputy CIO for Franklin Templeton Investment Solutions, responsible for leading global investment research, including quantitative, fundamental and manager research teams. Previously, he was president and CIO of the startup asset manager AlphaTrAI and before that, head of asset allocation at Pacific Life Fund Advisors. Prior to Pacific Life, he was a portfolio manager with Mellon Capital's multiasset group and a founding member of Coefficient Global, a quantitative macro hedge fund.

The Federal Open Market Committee is expected to announce guidance on the end of its quantitative tightening program later Wednesday. As that process draws to a close, experts are questioning when and how the central bank should use its balance sheet to smooth economic stress in the future.