Banks see federal dividend cut
The poor dears will have to get by with less than the usual six percent dividend on stocks they have to buy to be members of the Federal Reserve system #tagday. David Dayen reports.
JP Morgan hooking up with SMB P2P
In what could be the final nail in the term “peer-to-peer lender”, Jamie Dimon said Tuesday that JP Morgan will soon be in cahoots with a small business P2P. Hugh Son and Claire Boston report.
And that P2P is apparently OnDeck
Read the Bloomberg report here.
Chinese P2P’s likely good short term plays but long view murkier
As Chinese peer-to-peer platforms prepare to launch, their investment value beyond the short-term is debatable, Nisha Gopalan reports.