Bidding for peer-to-peer loans has become highly competitive, as small banks have joined fast-money and retail investors searching online marketplaces for the strongest and highest-yielding credits, according to American Banker. One crowd-funded mortgage source, RealtyMogul, said it is selling whole loans to banks at between...
China’s two biggest online services already have large payments operations — and now both have permission to be bankers, too. On Monday (Sept. 29), Alibaba Group’s Alipay affiliate won permission from the China Banking Regulatory Commission to set up a privately owned bank, according to...
Americans in February were less concerned, though still pessimistic, about their current financial situation than they were at the end of the government shutdown last October, according to the Finance Optimism Index launched April 1, by the Consumer Bankers Association (CBA) and AOL Inc. The...
