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MonJa Monthly News Update- April 2016

In Industry News by Kitty LinLeave a Comment

Here are some of the top stories and trends of April 2016 for marketplace lending investors and industry watchers:

Industry News:

04-04-16—Orchard Will Launch Electronic Trading Platform for Marketplace Lending Assets (Crowdfund Insider)
04-07-16—Online Lenders Form Marketplace Lenders’ Platform (WSJ)
04-11-16—Why ‘Peer-to-Peer’ Startups Haven’t Revolutionized Lending (Time)
04-14-16—FTC To Host Financial Technology Forum on Marketplace Lending (FTC)
04-14-16—Online Lenders Seek Safe Haven Capital (Reuters)
04-18-16—Direct lending managers eye Europe for new opportunities (Pensions &Investments)
04-21-16—Loans for Weddings: Fintech Learns to Focus (WSJ)
04-24-16—Goldman Sachs opens to masses (FT)
04-25-16—Venture-Capital Firms Dial Back on Fintech; Funding to Online Lenders Plunges (WSJ)
04-25-16—Trouble in bonds backed by P2P loans? It depends. (NSRinvest)
04-26-16—Growing pains of marketplace lenders (Euromoney)


Platforms News:

04-04-16—Santander Cuts Branches, Partners with Kabbage (deBanked)- “Santander will close 450 branches to transition to cheaper digital channels.”
04-04-16—Regions Bank Teams Up with Marketplace Lender Avant (BankInnovation)
04-12-16—Prosper Talks with Goldman (WSJ)
04-12-16—Citigroup Said to Stop Securitizing Prosper’s Online Loans (Bloomberg)
04-15-16—BlackRock backs Funding Circles’s investment trust with 12.7 mm pounds (Financial Times)
04-18-16—Funding Circle is first to have small business loans securitized (Pymnts)
04-20-16—AmEx to Launch Small Business Loans on Lendio (deBanked)
04-20-16—Kroll Bond Rating Agency Assigns Preliminary Ratings to Avant Loans Funding Trust 2016-B (BusinessWire)
04-20-16—National Bank of Canada Invests 300 Million in Lending Club Loans (La Presse)
04-20-16—LendingClub Increases Rates as Outlook Sours With Some Loans (Bloomberg)
04-20-16—Avant Loan Volumes Dropped Sharply in First Quarter (WSJ)
04-20-16—LendingClub Boosts Projected Loan Losses, Raises Rates on Some Loans (WSJ)
04-21-16—German Bank Commerzbank Plans to Launch Own P2P Lending Marketplace Within First Half of 2016 (P2P-Banking)
04-25-16—CommonBond Completes $150M Securitization Led By Barclays and Goldman Sachs (PR Newswire)
04-27-16—Citigroup putting millions into online lending start-up BlueVine (HITC)
04-29-16—Goldman, Jefferies Said to Start Marketing LendingClub ABS Deals (Bloomberg)

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