The peer-to-peer (P2P) business lending sub-sector of crowdfunding has come under intense scrutiny in recent weeks. Much of this is directly attributable to the troubles suffered by the large, quoted P2P lender, Lending Club. Diligence and verification are at a premium (and see below for our own take on this topic). Meanwhile UK Business Insider […]
To quote Hamlet: “There is nothing either good or bad, but thinking makes it so.” So we should perhaps view the recent comments of the US investment bank, Morgan Stanley, with a slightly cocked head. The bank takes a very positive view of P2P in a recent Forbes article, which asks whether peer-to-peer (P2P) lending might […]
Our friends at AltFi run an investment feature that argues P2P-invested funds are a buying opportunity in the wake of the Lending Club affair. The platform operates as a showcase for the opinions of Monica Tepes, director of investment company research at Cantor Fitzgerald. “Investors should treat the market turmoil surrounding the lending club […]
Thanks to our friends at the crowdfunding intelligence platform, Another Crowd, for a measured response to criticism – some of it justified, some just plain daft – of the peer-to-peer business lending sub-sector of crowdfunding. We reproduce Another Crowd’s most recent article in full: “The financial press is asking difficult questions about US marketplace lenders’ business […]
It’s not quite the seething mass of contradiction offered by the Brexit debate, but the crowdfunding and alternative finance scene is certainly not short of mixed messages. Yesterday’s story on the Deloitte report suggesting that banks wouldn’t be facing that stiff a competitive challenge from peer-to-peer (P2P) business lenders is followed by a tale of […]
The future of peer-to-peer (P2P) business lending, also known as marketplace lending in the US, is the subject of intense contemporary debate. The problems at the leading marketplace lender, Lending Club, in the US are well documented. So the advent of a new report on the sector from the consulting arm of Deloitte is particularly […]
News of the death of peer-to-peer (P2P) lending in the United States is, as the great American writer Mark Twain put it, greatly exaggerated. The New York Times runs a measured piece on the Lending Club fallout for P2P in the US. The article cites academic research from professors at Colombia and Fordham universities with […]
If courage is grace under pressure, as the American writer Ernest Hemingway put it, then now is the time to demonstrate some pluck. It took a while, but the fallout from the problems of Lending Club, the flagship for peer-to-peer (P2P) lending in the US, has started to rumble through the media. What happens to […]
We relay an excerpt of some sobering news for savers from the BBC. The corporation runs an article that “shows that many people relying on their savings income are worse off than ever before”. “Savings rates plummeted after the Bank of England slashed its base rate in the financial crisis. “Since last autumn, as the economic […]
The financial media in the UK has been awash with the potential ramifications of the departure of senior executives from Lending Club, the biggest peer-to-peer (P2P) crowdfunder in the United States. One of the most comprehensive articles comes from Reuters. We reproduce an extended excerpt below: “Britain has one of the biggest peer-to-peer or P2P […]