P2P Weekly: US Update

“Dimon Says JPMorgan Plans Service With Peer-to-Peer Lender,” Bloomberg

JP Morgan Chase’s CEO has indicated the bank is looking to form a partnership that will allow the bank, the largest in the U.S., to add peer-to-peer lending to its portfolio of products and services.

“Are Chinese Platforms Abandoning the Peer-to-Peer Model?” Crowdfund Insider

P2P lenders in China are evolving into wealth management platforms that offer a broader range of programs. Lenders are taking different approaches to incorporating P2P into other services or consolidating various existing programs.

“Funding Circle’s peer-to-peer trust raises £150m in London Stock Exchange listing,” The Telegraph

Funding Circle is bringing P2P to the wider investment community for the first time.

“This vehicle will allow any investor to buy a ticket and get access to Funding Circle loans globally,” Funding Circle chief executive and co-founder Samir Desai said recently. “We want to be part of the global financial infrastructure.”

“Bank of England’s Funding for Lending Scheme extended,” Financial Times

“Monday’s move signals that while the BoE is increasingly nervous about a potential credit bubble in mortgage and consumer finance markets, it is still concerned about banks’ reluctance to lend to small businesses,” explains Martin Arnold of Financial Times.

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