Banking

Report: Amazon Testing Online Lending Marketplace

According to leaked internal screenshots, Amazon is testing a new lending marketplace for third-party merchants on its site which would allow them to receive loans from Amazon’s own lending arm as well as Goldman Sachs’s Marcus group and regional banks.

Bezos

The Times: British Banks are Ready for a Hard Brexit

British banks are prepared for Brexit and European banks have failed to prepare adequately, the head of the Financial Conduct authority has said in comments reported by Britain’s Times newspaper. European regulators are playing rough with British banks to scare businesses

"Obviously the City (of London) is the financial centre for Europe and I think it will remain one of the financial centres of the world," said Eurogroup chief Jeroen Dijsselbloem

Fifth Third Deal Flashes a Warning Sign for Banking

Fifth Third’s $4.7 billion deal to purchase Chicago’s MB Financial is a sign that large regional banks are feeling pressure to grow and believe the regulatory environment has turned positive for bank mergers and acquisitions.

Jerome Powell

For China, Debt Disaster Lurks in the Shadows

Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.

An employee puts Chinese one-hundred yuan banknotes in a money counting machine for a photograph at the Korea Exchange Bank headquarters in Seoul, South Korea, on Thursday, Feb. 27, 2014. Chinas central bank is forecast to double the yuans trading band in the coming quarter as policy makers loosen exchange-rate …

Senior German Lawmaker Says No More Aid For Ailing Banks

BERLIN, Sept 29 (Reuters) – Germany will not grant any more state aid for ailing banks, a senior lawmaker in Chancellor Angela Merkel’s conservative bloc said on Thursday, a day after the government denied it was working on a rescue plan for Deutsche Bank, its biggest lender.

Deutsche Bank