New Westlake business aims to offer banks lower prices and bond market expertise

Checkpoint Capital launched this month as a service that aims to level the fixed-income playing field for community banks that have long been at a disadvantage, according to a news release. The new business helps banks identify fixed-income investments that best fit their unique asset allocation and risk management needs and makes money on the difference between the price for which it buys and sells the bonds. The spread is disclosed upfront and banks pay per transaction so there are no long-term commitments, the release said.

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