Dave SPAC Deal; Inflation Fears Con’t; Job Openings Climb

Greetings, This week, inflation pressures continue, and employment indicators improve. Consumer credit expands, slightly. Corporate treasurers are holding too much cash. Fintech-SPAC dealmaking remains active. And some banks begin offering the fintech-like feature of...

Bank Shareholders Bet on Rates Rising; SoFi Begins Trading

Greetings, This week, the economic picture continues to improve, with the job market looking more robust than traditional indicators may suggest. Inflation remains a concern. The OCC declined to revisit its “Valid When Made” rule. The SPAC market faces headwinds, but...