With so much going on in financial markets right now, rather than a Big Read, this week’s issue of Net Interest consists of five smaller reads. They span the breadth of finance: pawn shops, central clearinghouses, German neobanks, BlackRock and US bank earnings.

This one’s for paid subscribers only. If you’re not already a paid subscriber, you can sign up with a seven day free trial here. As well as fresh content, paid subscribers also get access to a fully searchable archive of over 100 issues.

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Plus: Please join me next week in a Twitter Space hosted by The Transcript to discuss US bank earnings. It’s on Wednesday, October 19th at 4PM EDT (9PM BST). Set a reminder by clicking here.