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CBILS A Bright Spot In A Potentially Gloomy Envoironment

The overwhelming majority of media report indicate the existence of many problems (as yet not fully understood) regarding distribution and even fraud in the well-intentioned bounceback initiative from government. Here, apparently, is some good news from a separate, but arguably related sector. Business Desk reports: British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has committed an additional £25m to Manchester-based Assetz Capital, the property-focused marketplace lender, in a boost to UK housebuilders and SMEs. The additional funding is to deliver loans to SMEs under the Coronavirus Business Interruption Loan Scheme (CBILS) and is further to an …

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Lending Club Closes A Chapter, Markets Turn A Page

And so it has come to pass. We’ve long kept a weather eye on the difficult journey of Lending Club, the leading direct lender in the US FinTech sector, since its flotation on the New York Stock Exchange in December 2014. We’ve reported several times in News and in our Blog section. Now, Lending Club is effectively left the peer-to-peer (P2P) lending sector. The scepticism evident in the blog by our director of communications back then, a column also featured in City A.M., seems to have been well founded. Concerns over valuation (and the short-termism of some of the investment …

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