Back in the late 1990s and early 2000s there was discussion about consolidation of banks creating a barbell effect, a...
Credit-card debt has grown to record highs and some large banks are reporting increased delinquency rates; this trend, combined with higher interest rates could be cause for concern according to Michael Pearce, an economist at Capital Economics; article provides data from the NY Fed on delinquent loans across student, auto, mortgage and credit card debt. Source
One of the co-founders of Funding Circle USA is stepping down and will become Chairman. Source
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