Insights

The Compass Our discussion of markets, credit, and bank strategy. Whitepapers Long form content on TLBs and other relevant bank topics. Market Commentary Discussion of recent events and relevant news for bankers. The Friday Review A weekly recap on what we are reading.

Featured whitepaper

The Term Loan B Market and Regional Bank Balance Sheets

Industry net interest margin fell to 3.31% in the first quarter of 2026 as earning asset yields dropped faster than funding costs. The case for a floating rate, first lien C&I asset that rebuilds the side of the book CRE has crowded out.

September 18, 2026 · 11 min read · PDF available

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Bryan Macktinger 11/6/26 Bryan Macktinger 11/6/26

The Friday Review

Trucking bankruptcies, graduate students turning to private lenders, and San Francisco's public bank vote.

Bryan Macktinger 10/23/26 Bryan Macktinger 10/23/26

The Friday Review

Amazon's unpowered AI chips, midsize lender loan demand, and mortgage rates easing with the 10-year.

Bryan Macktinger 10/16/26 Bryan Macktinger 10/16/26

The Friday Review

AI financing becomes a credit story, VantageScore comes to Fannie and Freddie, and producer prices rise 6.3%.

Bryan Macktinger 10/2/26 Bryan Macktinger 10/2/26

The Friday Review

Credit unions in commercial real estate, 16 trucking bankruptcies in four weeks, and muni deals pulled as yields climb.

Bryan Macktinger 9/25/26 Bryan Macktinger 9/25/26

The Friday Review

The case against a diesel export ban, a $50,000 down payment bill, and Blackstone's first hybrid CLO.

Bryan Macktinger 9/18/26 Bryan Macktinger 9/18/26

The Friday Review

The Fed's first hike since 2023, record diesel, China's Treasury holdings at an 18-year low, and AI add-backs.

Insights

The Friday Review

The Friday Review

The Friday Review

The Friday Review

The Friday Review

The Friday Review

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