Commercial banking

Suman Bhattacharyya is a business and technology reporter based in Philadelphia

Jonathan spent the first five years of his professional insurance career working as a generalist broker at a traditional firm on Long Island. Intrigued by how to leverage technology in the industry, he joined the Founder Shield team in 2016 and quickly grew into his current leadership role of General Manager. Jonathan works to oversee client strategy and communication, and has fostered a culture of providing unparalleled service and risk consulting for some of the fastest growing companies in the world. Outside of work, he can be found on the basketball court and chess board — but not at the same time.

Underwriting league tables of asset-backed securities through November 9, 2023

Issuance volume of asset-backed securities for the year through November 9, 2023

Consumers under the age of 50 held $9.5 trillion in debt last quarter compared with $9.3 trillion in the second quarter. The increase was the most since the final quarter of 2022.

The pool is diversified by brand, but faces staffing and operational pressures prevalent in the restaurant sector. Also, malls comprise 60% of systemwide sales (SWS) for Auntie Anne's and Cinnabon combined.

Of the 22 sales analyzed, all of 30-year bonds, subsequent moves in stocks were bigger than for monthly payrolls data – which traders typically sweat over to assess the health of the economy and Federal Reserve policy.

Marshall Butler is president of Belvedere Advisory.

Jamie Pabst is the Founder and CEO of Spiritune, an evidence-based therapeutic music app that supports emotional and cognitive health. Jamie is devoted to expanding the uses of music to treat a broad range of mental health conditions and help everyone benefit from the therapeutic power of music. She is also a DJ and sees DJing as a real-time example of music's ability to shift the energy and mood of an environment.

The company missed revenue projections, and it's trying to tap other funding strategies amid a "difficult lending environment."

The deal also includes exchangeable notes, initial over-collateralization of 1.00%—that can build to a target of 100%, and a reserve account funded at about 1.50% of the pre-funded pool balance.

Alec McLaurin is head of product partnerships at Codat.

Total initial hard credit enhancements to vary, however, with levels of 8.85% and 6.85% on the class A and B notes, respectively.

The San Carlos, California, consumer lender said it's "exploring strategic options" for its credit card portfolio, discontinuing its investment and retirement products and sunsetting a partnership with Sezzle in addition to embarking on a new round of job cuts.