Commercial banking

All of the company's fair value gains in its portfolio during the quarter were wiped out by a larger loss from hedging activities.

Jean Sullivan is head of wealth management at Celent, a global research and advisory firm focused on technology and business strategies in the financial services industry.

Hilton Grand Vacation is allowed to optionally repurchase defaulted or 90-day delinquent timeshare loans, which increases the transaction's recovery rates and reduces losses in the securities.

Classes A, B, C, D and E are expected to have credit support of 64.4%, 57.6%, 46.4%, 37.7% and 33.1%, respectively. Those support levels include hard credit enhancement and a haircut to excess spread.

Federal Reserve Board Gov. Phillip Jefferson joined three other board members in supporting a notice of proposed rulemaking, but expressed concerns about the economic impact of the changes.

Underwriting league tables of asset-backed securities through July 27, 2023

Issuance volume of asset-backed securities for the year through July 27, 2023

Emily Dabney is an associate with Chamberlain Hrdlicka's Trusts & Estates Practice Group in Atlanta.

She assists clients in navigating the areas of estate planning, succession planning, tax planning, and corporate matters.

Stephen Heymann is a shareholder with Chamberlain Hrdlicka's Trusts & Estates Practice Group in Atlanta.

He focuses on helping business owners and high net worth families preserve their hard-earned wealth through sophisticated income and wealth transfer tax-planning strategies.

There's divergence of opinions between one more rate hike this cycle and no further actions.

The collateral pool is comprised of a mix of mortgage loans, from 30-year, fixed-rate, fully amortizing loans (94.6%) to 40-year, fixed-rate loans with an initial interest-only term (0.03%).

Joseph Ugrin, PhD, CPA, is a professor, RSM endowed chair, and head of the department of accounting at the University of Northern Iowa. He has published dozens of research articles in accounting, business, and psychology. He serves as the associate editor for Advances in Accounting and on the editorial boards of other accounting and business journals.  He has experience in public accounting and worked as a corporate financial manager.  

Timothy Lindquist, PhD, is the PricewaterhouseCoopers professor of accounting at the University of Northern Iowa.  Having previously served on the Editorial Board of Issues in Accounting Education he has published numerous research articles in a mix of high-level academic journals and high-impact practitioner journals.  His experience in higher education spans nearly 40 years.

So far, the wager appears to be profitable. The private equity pair agreed to purchase their shares at $12.30 each, and the stock rally after the deal was announced means they are sitting on a paper profit of more than $90 million.

Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.

In the April 2023 collection period, 60 days-plus net chargeoffs and delinquencies of rose to 2.91% and 1.26%, respectively.

Steve Sabin, SVP, Division Executive, Lending, FIS.

Geraldine Garaud is a director analyst in the finance practice at Gartner. She provides guidance in a number of key areas, such as finance strategy, organization design and change management, and advises clients on effective finance transformation programs.

Wilmington Trust added about 36 CLO professionals in 2022 and 2023, as its expansion in the private debt and the collateralized loan obligation market continues.

The Bank Policy Institute and American Bankers Association want the Federal Reserve to conduct a public review process when determining scenarios for the annual exams. They also want more information on the test's internal models and formulas.