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Wall Street’s Goldman Sachs to offer home improvement loans

“The home improvement loans are structured similarly to the debt consolidation loans that Goldman already offers” writes The Associated Press for seattletimes.com. The company has originated $2 billion in debt consolidation loans, compared with the $930 billion in total assets the firm has under management. Goldman has already offered home improvement loans indirectly.Goldman Sachs will start offering home improvement loans to borrowers this month, its latest push into the world of consumer lending — a business the bank has avoided for much of its nearly 150-year history. Source: seattletimes.com Share This:

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CHRYSOS is More Profitable than Other Cryptocurrency Platforms

“CHRYSOS have its own internal exchange where anyone can buy or sell CHR coins” reports newsbtc.com. Anyone can start subscribing to the lending program with their CHR Coins from 27th Jan on the lending portal.CHRYSOS is going to launch lending on 27th Jan 2018.Anyone can start trading CHR coins on exchanges after the listing. Source: newsbtc.com Share This:

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New mortgages hit 15-month low in November, figures show

“Mortgage lending hit a 15-month low in November figures from banking industry body, UK Finance have shown” writes Jeremy Warner for telegraph.co.uk. This is significantly below the long-term average of 51,673 mortgage approvals for the month.In total, 39,507 house purchases were approved by banks in November, down from 40,417 in October as well as the six-month high of 41,791 August. Source: telegraph.co.uk Share This:

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How to handle family loans—without the drama

“There are advantages of a family loan for a borrower: no credit check, low or no interest and flexible payback terms” writes Amrita Jayakumar for marketwatch.com. Financial advisers don’t always agree, but when it comes to lending money to family, there’s consensus: Tread carefully.Before lending money, financial planners recommend considering the impact on your own goals, such as retirement.Tack on an interest charge and you must follow IRS-specified guidelines for the rate you charge and report it as income. Source: marketwatch.com Share This:

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Canada Economic Growth Slows, SMB Lending Cools

“Data is expected to show slower economic growth across Canada for the second half of 2017 and, along with it, a slowdown in small- and medium-sized business (SMB) lending, according to new research from small business credit data and analysis firm PayNet” reports pymnts.com. In addition, the percentage of small businesses 90 days or more delinquent remained at 0.28 percent.Earlier this year, separate data from CIBC Capital Markets, an investment banking subsidiary of the Canadian Imperial Bank of Commerce, found significant growth among small businesses in Canada.Still, PayNet said the overall health…

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Crypto News 

Cryptocurrency Holding Company Integrated Ventures Launches Blockchain Lending Solution

“Cryptocurrency holding company Integrated Ventures wants to disrupt the lending industry with blockchain” reports pymnts.com. Similarly, another company, Populous, launched near the beginning of the year using blockchain for its on SMB lending solution.Earlier this year, a blockchain consortium made up of BNP Paribas and Societe Generale created Liquidshare, a group that aims to wield blockchain for small business lending.In a statement, the firm’s CEO, Steve Rubakh, said CryptoFunder is the company’s first step into the world of blockchain technology after initiating digital currency mining operations.With the launch of CryptoFunder,…

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Chinese Bank Lending Hits Record On Corporate Finance Demand

“While demand for corporate lending has increased, analysts are also increasingly worried about rising bad corporate debt levels in China” reports pymnts.com. That figure surpassed analysts’ expectations, especially considering China’s efforts to reduce risk tied to a surge in corporate debt.Demand for corporate finance helped propel China’s banks to new lending records in November, according to news from Reuters on Monday (Dec. 11).Chinese banks provided $169.27 billion in new loans during the month, the publication said, citing data from the People’s Bank of China. Source: pymnts.com Share This:

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Bank of AMAZON?

“Banks have finally gotten their act together, and that means online lenders will increasingly have to compete against these large financial institutions” writes Julie Verhage Selina for bloomberg.com. Large banks are making moves, with Morgan Stanley and JPMorgan each announcing robo-adviser versions as a way to attract younger generations and create better user experiences.Venture capital-backed fintech companies raised $4 billion in the third quarter of 2017 alone, according to CB Insights. Source: bloomberg.com Share This:

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Crypto Markets News 

A tale of two bubbles — the dot-coms and bitcoin

“The question was whether financial markets would cut him off before he got big enough to make it work” writes Tim Mullaney for marketwatch.com. Some blockchain companies may become vendors to real banks, but opportunities for tech vendors to banks are medium-sized.Here’s a knife.” And then bitcoin came along, and it’s the machine gun of bubbles.The value of bitcoin and other cryptocurrencies has hardly been stable, and there’s no one in sight likely to stem the tide when bitcoin begins its inevitable slide.Since I covered the internet’s Wild West days,…

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Emerging markets are under pressure, but I’m buying the dip: Chantico’s Sanchez

“That sell-off has raised concerns regarding the health of the emerging markets trade” writes Tomohiro Ohsumi for cnbc.com. Some of them are associated with large holdings in the emerging markets exchange-traded fund like Ant Financial, an Alibaba Group affiliate.We see a global trade boom continuing to drive emerging markets as global Purchasing Manager indexes show continued growth in demand for manufactured goods.Emerging market equities have been lagging recently, falling over 3 percent in the last week alone.For these reasons, we continue to remain optimistic on emerging markets. Source: cnbc.com Share This:

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