by Vy Phan | Oct 14, 2017 | Blog
During an unusual period of global synchronized growth, the IMF raised its Global Growth Forecast for 2017 and 2018 by 10 bps to 3.6% and 3.7%, respectively. The IMF also named nine banks that will struggle to achieve profitability. “About a third of banks by assets...
by Vy Phan | Jun 25, 2017 | Blog
President Trump nominated James Clinger, former Chief Counsel of the House Financial Services committee, to chair the FDIC. Clinger previously worked as a staffer for Jeb Hensarling (R-TX) who authored the Financial Choice Act. Clinger also helped author the...
by Vy Phan | Jun 12, 2017 | Blog
President Trump will nominate Joseph Otting as the head of the Office of the Comptroller of the Currency, responsible for overseeing federal banks. Otting served as CEO of OneWest Bank where current Treasury Secretary, Steve Mnuchin, previously served as Chairman. If...
by Vy Phan | May 22, 2017 | Blog
The NY Fed issued its Quarterly Report on Household Debt and Credit. Consumer lending growth has continued for three consecutive years after a period of deleveraging following the Great Recession. Total debt held by American households reached a record $12.73 Tn in...
by Vy Phan | May 14, 2017 | Blog
A year after the Lending Club May 9th disclosures, investors and platforms are reflecting on the future of fintech. PeerIQ held a panel discussion this Tuesday titled, “What’s Next in Fintech Lending” featuring speakers including moderator, Peter...
