Customers are becoming more demanding as interest rates climb; the average interest rate paid by the biggest US Banks jumped to 0.40% in the third quarter; sophisticated customers are now reconsidering where they hold their cash accounts; Fifth Third is one bank that is raising rates for these types of customers; wealth management deposits have decreased at Bank of America, JP Morgan and Wells Fargo in the third quarter according to Autonomous Research. Source
For many years there have been few opportunities for yield which is one of the reasons some investors turned to...
The Bank of England decided to keep rates steady at 0.5 percent which will be a big benefit to P2P...
Federal Reserve Chairman Jerome Powell has reiterated the central bank would be patient in raising interest rates this year after...
While the Fed kept interest rates steady at their meeting this month both Marcus and Ally Financial have decided to...
Lend Academy looks at the shift of returns and interest rates at LendingClub; the company recently brought F & G loans in house and there is a noticeable shift in loan grades offered by the platform. Source
Bank lending is once again off to a slow start in 2018, but signs show the slowdown will only be temporary; the recent tax cuts could help to spur more borrowing; interest rate rises on the other hand could hurt companies looking to potentially borrow; as the economy keeps trending positively banks should see lending pick up in the coming months. Source.
The marketplace lending industry has never had to deal with an environment where interest rates are increasing. We’re not talking...
The California legislature is getting closer to approving legislation that would cap interest rates at 36 percent on loans between...
Last month five legislators introduced the Veterans and Consumers Fair Credit Act, a bipartisan piece of legislation that proposes an...