Commercial banking

Issuance volume of asset-backed securities for the year through February 22, 2024

Although the notes are supported by non-prime assets, Banco Santander sits at the top of the transaction's ownership chain and has a stable long-term, senior unsecured debt rating of A2.

The trend gained momentum this week, when there was strong demand for contracts wagering that 10-year yields will breach 4.5%, a level they haven't exceeded since November.

Jenna Everhart is senior vice president of human resources for Health-E Commerce, parent brand to FSA Store and HSA Store, the first and leading online stores for exclusively eligible FSA and HSA shopping, education, and employer solutions.

Michal Cieplinski, founder and CEO at CapStack, is also a co-founder at Pipe and a member of the founding team at Fundbox.

Kobalt's notes benefit from an overcollateralization level of 35%, and a debt service reserve account initially sized to cover six months of fees and interest on the notes.

Mortgage application activity had its largest decline in a year, according to the Mortgage Bankers Association.

The latest securitization coincides with the company announcing a partnership with U.S. Bank to provide personal loans to borrowers.

The blockbuster merger proposal will be reviewed at a time when the Biden administration is expressing skepticism about consolidation. Its analysis will have to account for markets dominated by both big banks and the likes of Visa and Mastercard.

Janna Hurd is a market developer at Thrivent, a Fortune 500 financial services organization, whose primary focus is recruiting new financial advisors to the organization.

For over 20 years, she has worked in retirement and financial consulting. She holds an MBA in International Business and Finance from Sam Houston State University, as well as various financial and insurance licenses. Her passion is financial literacy, and she hopes that her work in various communities will build stronger families and futures.

Ryan Mandell is the director of claims performance for Mitchell's Auto Physical Damage division. He works hand-in-hand with insurance executives and material damage leaders to provide actionable insights and consultative direction for their claims organizations. Prior to joining Mitchell, Mandell was director of Northern Operations for B&R Auto Wrecking, a manager for Precision Collision Auto Body, and a claims representative for Progressive Insurance. He frequently speaks at industry events on trends in auto insurance, collision repair and vehicle complexity and has been quoted in publications including The New York Times, Wired UK, Road & Track and Automotive News.

Phil Strazzulla is the Founder of SelectSoftware Reviews, a website dedicated to helping HR teams find and buy the right HR software through free, in depth advice and analysis.  Phil started his career working in venture capital before getting his MBA at Harvard Business School.

Steve Jarrett brought significant law enforcement experience when he joined Westfield in 1999. He is a 22-year veteran of the Tampa Police Department.          

He earned an MBA from Saint Leo University. He holds the FCLA (Fraud Claims Law Associate) designation from the American Educational Institute and the CIFI (Certified Insurance Fraud Investigator) designation from the International Association of Special Investigation Units.

The bonds will be issued in a single, 30-year tranche, according to a person with knowledge of the matter. The bonds may yield 1.4 percentage point above Treasuries.

: A1 notes are expected to price at par, with a 13 basis-point spread over the 3-month, I-curve, and 44-77 basis points on the A2 through A4 notes, according to Asset Securitization Report's deal database.

Veronica Knuth is chief people officer at Quantum Health, the company that created personalized healthcare navigation. A strategic leader with decades of experience, Knuth is passionate about connecting people with an organization that inspires them.

Tom Oscherwitz is vice president of Legal and regulatory advisor at Informed.IQ, an AI software company with a specialty in auto lending. He has over 25 years of experience as a senior government regulator (CFPB, U.S. Senate) and as a fintech legal executive working at the intersection of consumer data, analytics and regulatory policy.

Donald Musso is the president and CEO of FinPro Inc.

The median interest rate that large credit card issuers charged consumers with good credit in the first half of 2023 was 28.2%, compared with 18.15% at smaller banks and credit unions, according to a study by the Consumer Financial Protection Bureau, which is on a campaign against excessive fees.