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UK, US SMB Lending Experience A Growing Divide

PYMNTS

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

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PNC Eyes Buying US Unit Of Spain's BBVA, Report Says

PYMNTS

That roped in funds that could be used for acquisitions. Big bank mergers have been scarce in the past decade since the financial crisis of the late 2000s, but despite that rarity, regional lenders have felt the crunch from bigger rivals like J.P. A deal would also signal a BBVA pullback from the U.S., according to WSJ.

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US Lenders Cautious About Making European Loans Amid Pandemic

PYMNTS

“This heavily influences risk management and regional exposure, which comes at the expense of clients abroad.”. lenders, but a senior supervisory official told FT that they can’t “force them to lend.”. BoA, Goldman Sachs and JPMorgan maintain they have upped global lending in recent weeks.

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Alt-Lending Thrives — Just Not In The US

PYMNTS

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s no doubt about it: Alternative lending had a stellar week.

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US Fed Says Better Law Can Help Underserved Credit Areas

PYMNTS

Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to.

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Better SME Lending Systems Key To Winning Back Businesses Post-pandemic

FICO

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

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Explained | The current banking crisis in the US and Europe

BankBazaar

Why did US banks collapse? The US regional banks were under pressure as concern grew among customers and investors about the financial health of the banks in the country. While the government is trying its hard to pacify investors’ fears, regulators are trying to find new buyers to take over SVB’s domestic lending portfolio.

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