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Things worth reading: 9th December 2019

Chris Skinner

banks’ reluctance to lend cash may have caused repo shock: BIS Worrying signs that a great global deregulation has begun Capital One is a banking-peer bargain, even with recent gains: Barron’s Market debut … The post Things worth reading: 9th December 2019 appeared first on Chris Skinner's blog.

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GPS Capital Markets For Sale, Sources Say

PYMNTS

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

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China’s P2P Lending Market Expected To Shrink In 2019

PYMNTS

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. The P2P lending market in China has been rife with scams and controversy for some time now. According to Yingcan Group, by the end of 2019, there will only be 300 P2P lenders remaining.

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Things worth reading: 19th September 2019

Chris Skinner

Things we’re reading today include … Cash strapped students targeted as money mules U.S.

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Bain Capital Nets $800M For Business Impact Funding

PYMNTS

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. billion through the same date in 2019. billion through the same date in 2019.

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Chinese Tech Sector Faces Capital Crunch

PYMNTS

Numerous unicorns were among the hundreds of Chinese tech firms that toppled in 2019 as the economy soured and startups went through piles of cash, The Financial Times (FT) reported on Monday (Jan. The tech closures come as a funding shortage has investors wrestling with the end of a venture capital (VC) boom. . billion ($2.5

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The State of Cryptocurrency in 2019

Bank Innovation

Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase. It was a tough year for cryptocurrencies.