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Post by martin44 on Sept 25, 2017 12:43:11 GMT
You may want to move the above link before Mrs dust spots it, it names borrowers. 
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mosaic
Member of DD Central
Posts: 69 
Likes: 57
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Post by mosaic on Sept 25, 2017 12:45:50 GMT
I beg to differ, a borrower is someone who intends to pay us back
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Post by martin44 on Sept 25, 2017 12:51:13 GMT
I beg to differ, a borrower is someone who intends to pay us back Hopefully, but not always. 
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Post by wildlife2 on Sept 25, 2017 13:16:25 GMT
A good cat should get rid of any fairies making a mess all over the lawn.
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Post by harryvederci on Sept 25, 2017 14:06:07 GMT
another P2P warning shot on businessinsider website - finance section - today
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locutus
Member of DD Central
Posts: 1,059
Likes: 1,622
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Post by locutus on Sept 25, 2017 14:16:18 GMT
another P2P warning shot on businessinsider website - finance section - today Whilst some of the concerns raised are valid, don't doubt the determination of older, more established banking players to do everything they can to undermine what they perceive to be a threat to their traditional lending model. Maybe I'm a cynic, but this does seem a bit coordinated. Edit: Additionally, the £12.6m writedown by GLI Finance Limited for impairments was not all in P2P. The list of companies is here and falls under the umbrella of FinTech. www.glifinance.com/our-platforms/
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Post by stevebarryifa on Sept 25, 2017 15:33:50 GMT
Your link is broken, can you fix?
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bababill
Member of DD Central
Posts: 525
Likes: 243
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Post by bababill on Sept 26, 2017 2:01:48 GMT
another P2P warning shot on businessinsider website - finance section - today Whilst some of the concerns raised are valid, don't doubt the determination of older, more established banking players to do everything they can to undermine what they perceive to be a threat to their traditional lending model. Maybe I'm a cynic, but this does seem a bit coordinated. Edit: Additionally, the £12.6m writedown by GLI Finance Limited for impairments was not all in P2P. The list of companies is here and falls under the umbrella of FinTech. www.glifinance.com/our-platforms/To follow this to the next step "The loan provision and loan write down are related to legacy GLI loans which were previously held within the SSIF portfolio. As part of the sale of GLI's stake in SSIF, these were transferred back to GLI." "SQN Secured Income Fund plc operates as a closed-ended investment company. The Company focuses on investments in small and medium enterprises loan assets, including short-term lending such as invoice and supply chain financing. The SME Loan Fund also invests in mid-term and long-term lending such as trade and short-term bridge finance and the provision of fixed term loans.' I haven't provided the links so as to reduce the likelihood of getting redacted.
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angrysaveruk
Member of DD Central
Back and to the left..
Posts: 1,016
Likes: 646
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Post by angrysaveruk on Sept 26, 2017 8:54:23 GMT
another P2P warning shot on businessinsider website - finance section - today Whilst some of the concerns raised are valid, don't doubt the determination of older, more established banking players to do everything they can to undermine what they perceive to be a threat to their traditional lending model. Maybe I'm a cynic, but this does seem a bit coordinated. Edit: Additionally, the £12.6m writedown by GLI Finance Limited for impairments was not all in P2P. The list of companies is here and falls under the umbrella of FinTech. www.glifinance.com/our-platforms/I would be surprised if P2P was large enough to concern the banking cartel just yet They probably see it as picking up the sub prime loans they dont want, which to a certain extent is true. As a business model it is a bit of a threat since it bypasses alot of the capital requirements and overheads the banks have. The reality is if P2P were to ever get large enough to start eating into the banks business it would be hit by a wave of regulation, especially in the UK where the banksters run most of the show.
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