RateSetter is exploring a potential merger or sale - Business Insider

a new service last year granting financial advisors access to RateSetter's portal to advise their clients on P2P investments, which bypasses the new rules, as they don't apply to those that have received regulated financial advice, thus allowing retail investors to pour more money into its platform.

The coronavirus pandemic is putting further strain on the P2P lending industry. P2P platforms are seen as mid- to high-risk investments, and many investors are likely to flock to safer investment or savings options amid a global market downturn. an increase in investors looking to release their money from the platform, while more borrowers were requesting loans — which could potentially lead to a gap in supply and demand.

In this uncertain environment, we will likely see some smaller P2P lenders collapse and bigger players look for mergers or sales — but they might not be successful. As borrowers become riskier amid the coronavirus crisis due to reduced cash flow and looming layoffs, investments into P2P platforms will also become scarcer.

Those that have partly focused on securing large institutional investments will likely be better off during this time, as they will be able to continue offering loans to borrowers with their existing funds, while those with fewer such reserves will probably struggle more, and will likely be forced to fold. Additionally, some bigger players may have to merge their businesses in order to stay afloat during this time, leading more P2P lenders to seek out similar options as RateSetter.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Local governments may start restricting the in-store sale of nonessential items - Business InsiderVermont is restricting the in-store sale of nonessential items, which could hurt retailers' sales while popularizing omnichannel fulfillment options.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Luckin Coffee fabricated $310 million in sales: investigation - Business InsiderStarbucks rival Luckin Coffee faked nearly half of its roughly $732 million in sales, according to an internal investigation that found the Chinese coffee giant's COO fabricated orders Poor A Chinese company lying and covering stuff up? I can’t believe it. Pretty sure citron was bullish on this one 😉 CitronResearch
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Top law firms conduct layoffs, pay cuts, to preserve cash - Business InsiderMajor law firms are taking actions to prepare for a cash crunch, including conducting layoffs, furloughs and pay cuts, sources tell Business Insider.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Hobby Lobby stores still open in some 14 states amid coronavirus - Business InsiderState officials shuttered reopened Hobby Lobby stores in Colorado and Ohio, but employees in at least 14 states are still being forced to work in defiance of coronavirus-related lockdown orders JFC Michael's and Joann Fabrics are doing the same thing. Please check them out. Michael's has given the option to their employee's to either work or quit their jobs. Ruthless!
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Uber promised coronavirus aid, drivers say the company's not paying up - Business InsiderUber promised to pay drivers who couldn't work because of the coronavirus. But drivers say Uber has been closing their accounts after they seek sick pay, and then ignoring or rejecting their claims.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »