Today in Europe the Middle East and Africa (EMEA), the United Arab Emirates (UAE) is cracking down on money laundering by requiring estate agents to report payments made in crypto while Deutsche Bank will be working with Traydstream to automate document checking. In the U.K,...
Corporates across China have reached a record high for loan defaults in 2019, according to a Financial Times report from Thursday (Dec. 26). Corporate defaults spiked to about $18.6 billion this year, up from $17.44 billion last year, new data from Bloomberg found. Reports also...
The non-bank lending sector in India has seen a few defaults and failures, and has reduced consumer and business credit, according to a report by The Wall Street Journal. The circumstances have prompted calls for more regulation on worries that it could harm the country’s...
The U.S. and China have begun to concern some economists with record levels of corporate debt. However, when U.S. Federal Reserve Chairman Jerome Powell spoke on the issue during a conference in Florida earlier this week, it wasn’t so much the corporate debt levels that...
April 15, 2019
Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives. Last week’s Capitol Hill hearing — and our own data on just where we will bank — helped spotlight the concerns that might keep traditional FI executives up at night.
February 11, 2024
American lenders have loaned so-called “shadow banks” more than $1 trillion, and regulators are worried. That’s according to a report Saturday (Feb. 10) by the Financial Times (FT), which cites recent figures from the U.S. Federal Reserve showing that U.S. banks’ loans to non-deposit-taking financial companies had gone past $1 trillion at the end of […]
July 05, 2019
The non-bank lending sector in India has seen a few defaults and failures, and has reduced consumer and business credit, according to a report by The Wall Street Journal. The...
April 12, 2019
Nonbank lending – also known as “shadow banking” – has seen its assets hit $52 trillion, despite the fact that the sector poses significant risks. As CNBC reported, these companies,...
March 20, 2017
The dangers of shadow banking may impose dire consequences on China’s economy. According to Yi Huiman, chairman of the world’s largest bank as measured by assets, the Industrial and Commercial...
