by Vy Phan | Nov 26, 2017 | Blog
The Federal Reserve Bank of New York reports that household debt totaled $12.95 Tn last quarter – the 13th straight quarterly increase. As a share of GDP however, household debt stands at 66% below a peak of 87% in early 2009. Bloomberg’s Julie Verhage reports...
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 | Aug 27, 2017 | Blog
Partnerships between traditional financial services and FinTech continued this past week. Wells Fargo announced a partnership with FinTech startup Blend to improve the mortgage application experience. Retail giant Walmart and Google Express announced a partnership to...
by Vy Phan | Jul 30, 2017 | Blog
Note: PeerIQ will make a significant corporate announcement this week. Stay tuned! Earnings season continued with reporting from card issuers. As PeerIQ observed last quarter, we continue to see a “tale of two cities”–a divergence in charge-off rates of card issuers...
by Vy Phan | Jul 9, 2017 | Blog
We are pleased to release PeerIQ’s latest securitization tracker. Some highlights: This quarter we see quarterly issuance of $3.0 Bn, representing 76% growth over 2Q2016. To date, cumulative issuance equals $21.9 Bn across 92 deals. Multi-seller club deals and...
