Commercial banking

The deal will be secured by payments on subprime auto loans and comes shortly after officer Jill Rockwood joined as chief financial officer.

Even as Freddie Mac's survey put rates at their highest since December 2000, factors like rising oil prices and a government shutdown could slow the economy.

David Roberson is the president of RoseRyan, a ZRG company based in Silicon Valley, providing tailored advisory expertise in the finance and accounting disciplines.

Equify ABS 2023-1 is expected to close on October 11 and will issue three classes of notes secured by revenue from mid- to large-ticket equipment contracts and related assets.

The Federal Reserve Bank of New York's gauge of the 10-year term premium became positive on Monday, after having been negative for most of the past seven years, reflecting steep increases in longer-maturity Treasury yields.

Rahul Nawab is senior vice president, analytics at EXL, a multinational data analytics and digital operations and solutions company. At EXL, he is responsible for business development, client engagement, and overall growth of the company's Insurance Analytics business. Nawab has co-founded several companies and held various senior management roles throughout his career, giving him a breadth of experience across various verticals. Nawab has also served as a mentor at Global Insurance Accelerator—a mentor-driven business accelerator designed to foster innovation in the insurance industry.

Credit unions and banks are lending more to merchants based in the Western U.S., reflecting trends reported in the Umpqua Bank 2023 Business Barometer and running against broader economic pessimism.

Brian Carey is senior director, insurance solutions for Equisoft.

The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021.

The deal is the eleventh this year for Pagaya AI Debt Selection Trust, and is slated to close by September 29.

Classes A, B, C and D have hard credit enhancement levels of 5.30%, 3.80%, 2.30% and 0.85%, respectively, higher than that of the CHAOT 2022-A.

Joseph Phillips heads the Credit and Compliance teams within Mphasis Digital Risk's Due Diligence department.

Kristy LaRose is the founder and CEO of Impact Strategies LLC. She is a business development expert, specializing in growth strategies for professional services firms. Her niche lies in crafting strategic action plans, assisting clients with pre-planning, research, meeting scheduling, and follow-up to achieve outstanding results through conference participation. 

Bart Peluso III is Vice President of Marketing at KnowledgeLake. He joined the company from Microsoft where he introduced & led 'Hyperautomation' across the company's 15 global regions. Prior to Microsoft, Bart was the Global Head of Product Marketing for Blue Prism, where he drove the creation of the RPA Market along with Gartner's RPA Magic Quadrant. Bart has managed Product Marketing Strategy, Competitive Intelligence, Technical Alliance Partnerships (TAP) & Customer Advisory Groups in the 'Automation / Document Processing space since 2010. He led Product Marketing for disruptive new technologies at Cisco, Dell & the revolutionary start-up Mesh Networks.

Steven L. Antonakes is the executive vice president for Enterprise Risk Management at Eastern Bank and previously served as the deputy director of the Consumer Financial Protection Bureau and the Massachusetts commissioner of banks.

The sponsor's assets favor software companies, and the deal brings its total CLO assets under management to $2.2 billion.

Todd Stead is a regional group benefit sales consultant at IFC National Marketing.

The JPMorgan Chase CEO's comments contrast with the consensus view after 5.25 percentage points of hikes that lifted the benchmark rate to 5.5% — the highest level in 22 years. Money markets are pricing in cuts from next year.

Purchases of new single-family homes fell 8.7% to a 675,000 annualized pace following an upward revision to July's figures, government data showed Tuesday, marking the largest drop in nearly a year.

Stacy Farber is a partner at UHY LLP. She brings over 21 years of experience in financial leadership, with a background in business consulting and auditing. She is the head of the UHY Employee Benefit Plan Center of Excellence for the Northeast Region and specializes in industry-agnostic employee benefit plans.