The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday. With their earnings reports...
A Bank of England official is calling for more research into non-bank lenders. This effort would help prevent a “credit crunch” that could result from a pull-back by hedge funds, pension funds, asset managers and insurers, Bank of England (BoE) deputy governor Sarah Breeden said Monday (Feb. 26). “A shift in...
You know the setup — the one that’s part of seemingly every horror movie ever made. Would-be victims use their wits to outrun hordes of moaning zombies, but a few folks always get caught and disappear in a grisly, lip-smacking, bone-crunching gore-fest. Will so-called “zombie...
Post-financial crisis, an influx of alternative lending players emerged to accelerate business finance digitization and expand choices for borrowers. In many ways, it was great news for small businesses, whose owners sought ways to obtain a loan in the same digital-native ways they sought financing...
June 16, 2020
You know the setup — the one that’s part of seemingly every horror movie ever made. Would-be victims use their wits to outrun hordes of moaning zombies, but a few folks always get caught and disappear in a grisly, lip-smacking, bone-crunching gore-fest. Will so-called “zombie companies” soon do the same to parts of the U.S. […]
August 26, 2019
The world is awash in debt marked by negative interest rates. It’s a $17 trillion warning sign of overextended corporate borrowing and lending, CreditRiskMonitor CEO Jerry Flum tells Karen Webster...
April 16, 2024
The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday. With their earnings reports released Tuesday, they joined three other top banks — Citigroup, JPMorgan Chase and Wells […]
February 26, 2024
A Bank of England official is calling for more research into non-bank lenders. This effort would help prevent a “credit crunch” that could result from a pull-back by hedge funds, pension funds, asset managers...
August 24, 2018
To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The...
August 06, 2018
Australian money managers are finding an opportunity in enterprise and small business lending as regulators crack down on the country’s traditional banking industry. Reports in Bloomberg Friday (Aug. 3) said...
