Commercial banking

While Pagaya searches for a permanent successor, the company has named deputy CFO Evangelos Perros as interim CFO. Perros himself was named as deputy CFO in September 2023.

Rising purchase activity countered falling refinances, as declining interest rates helped bring some aspiring buyers to market, the Mortgage Bankers Association said.

A robust selection of securitized products, including ABS, CMBS, CLOs, and agency and non-agency MBS, will be included in the new fund.

Hawzien Gebremedhin has been the diversity, equity and inclusion leader at Plante Moran for two years. Her family immigrated to the United States from the Tigray region of Ethiopia when she was a one-year-old, and she and her sister recently co-founded a nonprofit called Tigray Action Committee that is committed to bringing awareness and action to the Tigray Genocide. She is a graduate of the University of Colorado and holds a Diversity & Inclusion Certificate from Cornell University.

At the company's annual meetings in Omaha, Nebraska, where he and Buffett had both grown up, Munger was known for his roles as straight man and scold of corporate excesses.

All of the class A notes have total hard credit enhancement levels of 22.35%, and notes have legal final maturity dates ranging from Nov. 15, 2024 through Dec. 15, 2032.

Corey Wilmer is an undergraduate research assistant at the Challey Institute for Global Innovation and Growth, North Dakota State University.

Oudom Hean is an assistant professor of finance at North Dakota State University and a faculty scholar at the Challey Institute for Global Innovation and Growth. 

A London Market insurance professional who combines a strong technical background with sound commercial skills, Peter Smyth was director of operations at pioneering early insurtech TriSystems. The company was acquired by Ebix in August 2012 and renamed to Ebix Europe. As vice president, Smyth is at the centre of the drive to transform the London and Global re/Insurance markets. 

Higher education debt originations are poised to turn a corner next year amid industry changes. The big question for observers is whether securitization will follow in 2024 business.

Financial firms claim a proposal by the Consumer Financial Protection Bureau would restrict lending, raise borrowing costs and result in more denials of credit to consumers.

Spencer Hoffman is vice president of product at POS Nation.

Khadim Batti, CEO and co-founder of Whatfix, co-founded the company with Vara Kumar in 2014 with the mission of empowering individuals and organizations to freely use and experience the maximum benefits of technology. An entrepreneur at heart with an engineer's mind, Batti is also giving back to the start-up community by sharing his passion, knowledge, and mentorship with aspiring talent for over a decade and a half. He also serves as the grievance redressal officer for Whatfix.

The BSBY interest rate benchmark was originally envisioned as a successor to the once-ubiquitous Libor rate. But it failed to gain much traction, and Bloomberg now plans to shut it down next year.

A $55 billion auction of five-year bonds saw strong demand, following a soft $54 billion sale of two-year notes. Benchmark 10-year yields dropped to around 4.4%.

Alex Quevedo is president of human resources outsourcing at ADP.

Stress tests suggest systemically important depositories could weather current risks. Meanwhile, single-family arrears remain low, but that business could be impacted.

Phil Haussler is the chief product officer at Quantum Workplace.

Purchases of new single-family homes decreased 5.6% to a 679,000 annualized pace last month, government data showed Monday.