Commercial banking

Five organizations representing large banks sent a letter to Federal Reserve Chair Jerome Powell requesting a long and thorough public review process for rule changes that are expected to be rolled out this summer.

James Murphy is a securities lawyer and former chairman of the law firm Murphy & McGonigle, which was recognized in 2021 and 2022 as the "Law Firm of the Year in Securities Regulation" by U.S. New & Best Lawyers in America.

Bob Kaufman is the Founder and CEO of ConnexPay. Bob started ConnexPay with a passion to remove pain and friction, and a clear purpose to improve the customer experience of paying and getting paid. His strategic foresight and visionary leadership have built ConnexPay into a company that now serves a multitude of businesses spanning several industries globally.

Prior to founding ConnexPay in 2017, Bob spent nearly 20 years at U.S. Bank, where his tenure included serving as CFO of the Payments Services division as well as Senior Vice President, leading innovation projects across the bank's payments division. In addition, Bob served as the General Manager of U.S. Bank's Virtual Pay division, where he led product, marketing, and supplier enablement for all virtual payment solutions, as well as a sales team focused on virtual payments.

Bob earned his bachelor's degree in accounting from the University of Minnesota, and he holds a master's degree in finance and strategic management from the University of Chicago GSB. Bob is a CPA and a CMA.

The bond market's reenergized bulls may want to dial down their excitement, because their fortunes hinge on whether an abstract, almost elusive number, is as low as they assume.

Anthony Loss is the lead solutions architect at ClearScale.

Underwriting league tables of asset-backed securities through July 13, 2023

Issuance volume of asset-backed securities for the year through July 13, 2023

But the volume of activity for distressed properties is still lower than the historic norms, Attom Data Solutions said.

The issue is secured by a revolving pool of term and line-of-credit small-business loans made to a diverse set of industries.

Armen Meyer is chairman of the American Fintech Council board policy committee, and head of public policy and regulatory strategy at LendingClub.

The unsecured loans are generated on marketplace lending platforms using proprietary technology that use artificial intelligence and machine learning software.

U.S. leveraged loans are delivering some of the best returns in the fixed-income market this year, indicating that investors think any impending downturn could be slow to come and not particularly severe.

A decade after its historic bankruptcy, the Motor City is tapping the municipal bond market for $100 million. The funds will mostly go toward programs to help revive struggling neighborhoods.

The Securities and Exchange Commission and the Federal Reserve have questioned prime brokers about the basis trade as well.

Jesse Meschuk is a career and human resources expert, and a senior adviser with Exequity.  Jesse has more than 20 years of consulting and human resources experience and has worked across a wide variety of industries including technology, entertainment, gaming, retail, hospitality, and sports. Jesse's work has spanned across the Americas, Europe and Asia.

LaRae Holliday is vice president of people for digital therapeutics leader Big Health, which is on a mission to help millions back to good mental health.

Big Health's mission is to help millions back to good mental health by providing safe and effective non-drug alternatives for the most common mental health conditions including insomnia and anxiety. Designed by leading clinical experts, Big Health's digital therapeutics expand access to gold standard care, including behavioral medicine, and are backed by industry-leading research and randomized controlled trials. By seamlessly integrating across the care pathway, from member engagement to billing via pharmacy benefit managers, Big Health simplifies adoption for both payers and patients, providing an inclusive, scalable, and affordable approach without serious side effects.

Stephanie Tilenius is an entrepreneur and "intrapreneur" who builds products, platforms and businesses from the ground up. She is the founder and CEO of Vida Health, a virtual health platform designed to treat the whole person by addressing a full range of physical and mental chronic health conditions. Before starting Vida, Stephanie led large consumer and enterprise platforms at Google, eBay and PayPal. She is on the Boards of Papa, Wish, and Seagate.

Wassia Kamon, CPA, CMA, MBA, is the vice president of finance and corporate controller at the Low Income Investment Fund. Recognized as a 2022 40 Under 40 Honoree by CPA Practice Advisor, she is a speaker and one the top corporate finance and accounting content creators on LinkedIn. Her insights on resilience and professional development have been featured in publications such as The Wall Street Journal and Strategic Finance Magazine. Reach her at wassia@theclarityblueprint.com.