CHINA'S TRILLION-DOLLAR P2P LOAN INDUSTRY GOES BUST

chloeroy (39)in #cryptocurrency • 6 years ago

Source: China Uncensored

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Ex-Barclays chief Antony Jenkins sets up new fintech venture - Telegraph.co.uk

Telegraph.co.uk: Similarly Vikram Pandit, the ex-chief executive of Citigroup, has invested in a series of peer-to-peer lending websites, companies which seek to match investors and borrowers online, rather than going through a bank. Mr ... predecessor as chief ...

Christine Farnish: the ex-regulator defending the peer-to-peer industry - Telegraph.co.uk

Telegraph.co.uk: And the evidence says that industry-wide default rates are around 3pc, in line with the proportion of unsecured loans issued by banks that go bad. Peer-to-peer, she said, is “less risky than the stock market where you can lose all your capital if you ...and more ...

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Gareth Vaughan says P2P lending is an exciting financial services revolution, but needs to be watched closely by ... - Interest.co.nz

Interest.co.nz: Charles Moldow, a P2P bull from Silicon Valley venture capital firm Foundation Capital and an investor in P2P including Lending Club, points out ... more to it than that. ... also market making. Moldow recently published a report entitled A ...and more ...

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Fintech bill critics call it predatory lending - CBS News

CBS News: The powerhouse of the fintech market is "peer-to-peer" (P2P) lending -- also called "crowdsourcing," or "The Gray Market," as ... known in China. ... claims that P2P lending is a ticking time bomb in which loose lending and cascading defaults could ...and more ...

Pound rises to one-month high as it approaches $1.30; FTSE 100 loses steam in afternoon - Telegraph.co.uk

Telegraph.co.uk: Josh Mahony, IG market analyst, said that the FTSE 100 "has declined sharply into the close" after the "resurgent pound hit the highest level against the dollar in more than a month". ... More than half of those loans went to people purchasing homes ...and more ...

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Daily Reckoning: The housing bust, two wars, and many military interactions ... stop it. Even though markets fluctuated enormously, nothing could stop these two trillion-dollar mega trends of the Internet and mobile. We live in a word where all the large ...

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6 years ago in #cryptocurrency by chloeroy (39)

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