Subprime Firm Goeasy Dives 39% as Trouble Emerges in Auto Loans Goeasy Ltd.’s stocks and bonds tumbled after the Canadian subprime lender suspended its dividend, withdrew its financial outlook and disclosed hundreds of millions of dollars in loan losses tied to it...

The Canadian Paradox surfaces again @dsquareddigest.bsky.social

www.bloomberg.com/news/article...

Main Street banks are pushing into markets and trading Consumer-facing institutions are expanding in areas considered more Wall Street territory

Very cool to have @marcruby.bsky.social writing in the FT - here on how Main Street banks are pushing into Wall St territory, expanding in markets and trading www.ft.com/content/3788...

A dream crossover

Substack Plays With the Giants. Can It Be Valued Like One? Having birthed a humble newsletter service, the platform’s founders now have their sights on YouTube.

Substack is huge but thin, more readers than the WSJ or CBS News online but these are spread over a vastly greater number of writers. @marcruby.bsky.social digs into some of the interesting numbers here. My Q: What happens now big VC investors push for more scale?

www.bloomberg.com/opinion/arti...

Inside the private equity-insurance nexus When the world’s dullest industry gets very exciting

🚨 How exactly *do* PE, private credit, and insurance intersect?

Took some time, but here it is:
on.ft.com/4kd077o

Sam Altman has views on bank reg cap. Who knew?
[h/t @TheTranscript_]

www.federalreserve.gov/conferences/...

Net Interest is five years old! What started in May 2020 as a fun experiment to share what I was seeing in finance has grown beyond anything I expected. I’m deeply grateful to everyone who’s read, shared, and supported it along the way. Thank you. 🙏

Wall Street Interns Are Safe From AI. Here’s Why. The roles are an entry point for the next generation of bank leaders.

Wall street internships are evolving from a training ground to an extended audition for leadership potential, writes @marcruby.bsky.social

It took an incredible late season surge, but I was once again able to get my FPL team into it's rightful position: one spot behind @marcruby.bsky.social

We go again next season!