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Conti crew closes non-performing consumer deal

Arrow Financial recently closed its third securitization of non-performing consumer receivables, a some-odd $20 million deal backed by everything from delinquent utility/telecommunications bills to private-label cards to autos receivables.

Arrow's investment banking team is staffed in part by the former securitization crew of ContiFinancial. In the late-90's, Conti had...

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