In this week’s PeerIQ Industry Update they cover the growing turmoil in the markets due to the spread of coronavirus and if we are headed towards a recession; the M&A markets continues to be healthy with the Intuit acquisition of Credit Karma for $7bn; JPMorgan Chase also indicated they were looking for a large non-depository acquisition that would look very similar to their recent deals for InstaMed and WePay; along with a hot M&A market there is continued momentum on big financing rounds for challenger banks with Revolut closing a $500mn round led by TCV; in their chart of the week PeerIQ looks at the credit card delinquency rates of all banks versus small community banks; the community banks are reaching for yield but are taking on greater risk to do so. Peer IQ
