Working on Wall Street has always been a hazardous profession, especially for those in the front line of the business, the traders. Market risks, volatility, and uncertainties, are the stressors for traders and those allocating capital and managing risk. This is the nature of the business, the markets, whether currencies,Read More
Post Tagged with: "capital markets"
A deep read of OnDeck Capital‘s earnings report yesterday reveals this truth: the company is moving away from marketplace lending. OnDeck is largely ditching funding through marketplace in favor of more traditional sources of capital, such as securitization — no small development considering that OnDeck is a standard bearer of the marketplaceRead More
It is interesting to note that globally there has been something of a systematic crackdown on bitcoin. The enforcement actions here and there amount to a collective thumb on the digital currency. Which is yet another reason why it is noteworthy to see blockchain become so unabashedly hot in fintechRead More
Cross River Bank, an early and active player in marketplace lending, closed a major deal to securitize $100 million in marketplace loans, the bank announced Friday. Marketplace lending is a small but massively expanding sector– Lending Club has facilitated more than $11 billion in loans since its founding in 2006,Read More
We may be headed for the biggest fall season in venture funding history. Then again, given the excitement on the stock market this morning, maybe not. A tweetstorm from Mattermark CEO Danielle Morrill offering advice for startups pitching in the fall funding season took over Twitter yesterday, and continued into Monday, with variousRead More
Bloomberg terminals, which provide data feeds to financial services professionals, are a $7 to $8 billion business. The entire terminal business is about $15 billion. No wonder, then, that FinTech innovators are anxious to take a bite out of that. Bloomberg terminals contain two key components: the aforementioned data feed, andRead More
The Federal Reserve’s policymaking body, the Federal Open Market Committee, could soon consider whether to taper its bond-buying program, Atlanta Fed President Dennis Lockhart said in a recent speech. Financial Update looks at how Lockhart shared his t…