Square Capital has started providing loans to small businesses. Receiving businesses can pay them back through a portion of sales completed through the Square service, John Adams reports.
Community banks pressured to drop some clients: Gingrich
Newt Gingrich disagrees with the Department of Justice’s approach of pressuring community banks to sever ties with businesses that are allowed to operate legally in the United States such as payday lenders and firearms retailers. Read his column here.
Commercial property transaction volumes to see healthy growth: survey
A survey of 39 economists discovers fairly bullish attitudes on the immediate future for commercial property transaction volume. They collectively look for it to grow 21% by 2016, Sarah Borcherson-Keto finds.
Contingent capital touted as TBTF prevention tactic
Contingent capital is defined as debt which is convertible into equity on the basis of a market value trigger. Economist Charles Calomiris suggests it, along with higher book equity-to-assets,as a way to keep the banking system healthier.
Warren to Obama: Tell Fed to crack down more often on big banks
Higher foreclosures rates experienced by many minority populations and the resulting decline in property tax revenues are behind the lawsuit the City of Los Angeles filed against JP Morgan today. Jonathan Stempel looks at the case.