A treasure chest UK p2p data by sector and growth projections.
GM’s Finance Arms started a bank in Germany for cheap capital.
Bank offering 3% on savings being overwhelmed with demand.
Macquarie buys piece of Direct Money.
China’s online finance is an economic Big Bang.
|Feb 19th 2016|
|UK P2P Lending Grows Over 80% Percent in 2015||A lot of very interesting data about UK p2p ( market segment sizes and growth projections by segment)||AAA||P2P Banking|
|GM’s Finance Arm Runs Online Bank||German Opel subsidiary accepts consumer deposits to lower car-financing costs. Why aren't p2p lenders ? The move, which started last September, allowed the auto maker raise $1.3 billion in new funding during its fourth quarter.||AAA||Wall Street Journal|
|Equitable Bank struggling to keep up with demand for 3% interest savings accounts||By offering 3% on the savings accounts Equitable Bank has had to add staff to its account opening operations and call centre after being overwhelmed with people trying to take advantage of a new savings account that pays three per cent interest. Moor told the Financial Post last month that the bank can make money on the spread between the high rate paid on the savings accounts and the interest charged on many of its mortgages, which are extended to clients whose credit profiles are too thin or weak to secure lower-interest loans from traditional banks.||AAA||Financial Post|
|Macquarie takes stake in fintech minnow||Macquarie Group has waded deeper into the fintech sector with an equity agreement with listed marketplace lender DirectMoney to assist in the development of what the minnow claimed would be a new securitisation funding market.||A||The Australian|
|Dinosaurs and Banks||Evaluating if banks are set for extinction. Kind of simplistic.||B||Lend Academy|
|Kroll Bond Rating Agency Assigns Preliminary Ratings to Citi Held for Asset Issuance 2016-MF1||Marlette's Securitization is rated. CHAI 2016-MF1 is a $140.9 million closing March 4th.||AAA||Business Wire|
|Lending Club (LC) Director John C. Morris Purchases 10,000 Shares of Stock||Director John C. Morris bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th.||C||Financial Market News|
|P2P sheds ‘alternative’ label and moves into mainstream||Banks are partnering with P2P platforms, with some planning to acquire sites or develop their own versions. Royal Bank of Scotland and Santander UK have struck deals to refer businesses they are not able to finance on to certain P2P sites, such as Funding Circle. Other banks, such as Metro, are lending customer deposits through a platform.||AAA||Financial Times|
|On Deck Capital Inc (NASDAQ:ONDK) is set to issue its Q415 quarterly earnings data on Monday, February 22nd.||On Deck Capital Inc (ONDK) to Release Quarterly Earnings on Monday||A||Financial Market News|
|China web finance craze sows confusion and risk||Alipay takes a cut of up to 1.2 percent on online merchants’ transactions, and as little as 0.6 percent for small businesses. ( Compare to Paypal's 3.3%) . Lufax, which was set up by insurance giant Ping An and is now valued at $18.5 billion, operates an online marketplace for everything from crowdfunding to life insurance plans. Ant Financial, controlled by Alibaba boss Jack Ma, spans nine different businesses from money market funds to credit scoring and recently raised new equity at a $45 billion valuation. Its crown jewel, Alipay, dominates China’s online payments market, which reached an estimated 11.8 trillion yuan ($1.8 trillion) last year.||AAA||Reuters|
|Peer-to-peer lender Prosper raises rates, citing "turbulent market environment"||an Francisco-based peer-to-peer lending startup Prosper Marketplace Inc. has raised the rates it charges borrowers for loans on its platform, citing a "turbulent market environment" as an impetus for the change.||B||Silicon Valley Techflash|
|First Associates Loan Servicing, LLC Celebrates 30th Anniversary and Record Growth||First Associates celebrating 30 years in business||C||Globe Newswire|
|Deutsche Börse Venture Networks Backs Cashare||“Deutsche Börse Venture Network” programme helps to improve the funding situation of growth companies. It brings new high-growth companies and investors together, giving them access to a strong network of attractive partners.||A||P2P Banking|
|FINSTAR FINANCIAL GROUP PARTNERS WITH P2P LENDER PRESTAMOS PRIMA||Finstar Financial Group acquires a 51% stake in P2P Lender Prestamos Prima and invests in its promising financial products.||A||Crowdsourcing|
|Assetz Capital Says £22.7 Million Invested in Quick Access Since Fall Launch||Assetz Capital states that its Quick Access Account (QAA) has seen over £22.7 million invested in their new service. Byt March that number is expected to hit £30 million. QAA competes with bank savings accounts by providing a higher rate of return for savers will facilitating immediate access to cash for no fee. The account is protected with Asset Capital’s Provision Fund.||AAA||Crowdfund Insider|
|Brief: LendInvest Names Goldman Sachs’ Hugo Davies Capital Markets Associate||This week, peer-to-peer (P2P) platform LendInvest announced it has appointed Hugo Davies as its new capital markets associate.||B||Crowdfund Insider|
|Earn 7% on savings in your new Isa with peer-to-peer lender - but don't expect any safeguards...||P2P loans do not receive Financial Services Compensation Scheme Protection||B||This is Money|
Author : George Popescu