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Market Commentary: Week of June 29, 2020

SWBC's LenderHub

Florida, Texas, Arizona, and California dominated the headlines, as it certainly appears that the so-called “First Wave” of the virus has not ended yet. COVID-19 has pounced on some of our largest population centers that began relatively aggressive economic re-opening campaigns in mid to late May.

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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264
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Market Commentary: Week of July 13, 2020

SWBC's LenderHub

Nationwide, daily COVID cases rose to 60,000 per day with Texas, Florida, Arizona, and California leading the way. If this looks familiar to last week’s market summary… it is! We just replaced “holiday-shortened week” and instead of 50,000 COVID cases a day, we are now at 60,000.

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Market Commentary: Week of June 22, 2020

SWBC's LenderHub

Risk assets just seemed to want to go up, more or less ignoring the rising COVID hospitalization numbers in Florida, Texas, and Arizona to focus more on talk of a new infrastructure package from the White House and more enactment from the Fed’s Secondary Market Corporate Credit Facility (SMCCF).

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. As can be seen, Arizona and Texas have the largest increases in credit risk, while Minnesota and Maine are the most stable. ” The reality is that banks should be much more granular than that to allocate capital more efficiently.

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Market Commentary: Week of July 6, 2020

SWBC's LenderHub

Nationwide, daily COVID cases rose to 50,000 per day with Texas, Florida, Arizona, and California leading the way. What Happened: Despite worsening COVID-19 news, stocks managed to explode higher for the holiday-shortened week with the NASDAQ hitting another all-time high on Thursday.

Arizona 78
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Robinhood's Newest Funding Round Grows To $660M

PYMNTS

Trading FinTech Robinhood Markets Inc. Sequoia, Andreessen Horowitz and 9Yards Capital are among some of the backers providing the new funds. In August, Robinhood Markets unveiled a $200 million Series G fundraising, bringing its valuation to $11.2 billion. “For

Arizona 178