, which provides a buffer for investors when borrowers miss payments, increasing protection against credit losses.Metro Bank would provide it with welcome relief from current cash flow shortages. The growing risk of loan defaults among borrowers coupled with investor wariness has caused a drop in amounts lent out on the P2P lender's platform, from £786 million in 2019 to £176 million so far this year, hurting revenue.
In addition to the cash injection, the purchase would also bring in Metro Bank as a large investor on the platform, at a time when attracting investor funds is becoming more difficult. This would place RateSetter in a stronger position to ride out the economic storm caused by the pandemic and emerge fully operational.Join other Insider Intelligence clients who receive this Briefing, along with other Fintech forecasts, briefings, charts, and research reports to their inboxes each day.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Insider's best investing stories of the week ended June 16 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ......why did you use a photo of some rave... ? Day trading is for suckers These are the suckers that the 'pump and dump' big investors will use to unload their inflated stocks. That's why they are touting the 'V' shaped recovery. It's a repeat of the 2008 mortgage securities pump and dump.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook drops censorship tools for Workplace - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Best stocks to buy, investing strategy as market leaders rotate: Jeff Kleintop - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. worldwar3 :- Sacrifice of the 20 soldiers killed by the China army 'will not go in vain:-MODI indiachinastandoff A BI prime story.. can’t read it. Atleast let us know before we try read it
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 steps I'm taking to save to buy a house during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ProTip: Look for properties in hotspots to get the best deals. 👎🏿
Source: BusinessInsider - 🏆 729. / 51 Read more »
Americans are rethinking cheap beef and buying from small-scale farms - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I buy 90% of my meat from ButcherBox for a reason. If I do have to buy more I try to buy it as naturally and sustainably as possible. I will always try to support my local farmer when available. It’s hard sometimes and can be expensive but very fulfilling to help someone in your community and know the animals you are eating led a happier life. Small scale farming is the future...it’s adaptable, plenty of competitors & alternatives...great quality of product
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bank profits sank 70% in first quarter on coronavirus fallout: FDIC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »