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China’s Baoshang Bank Is Taken Over By Regulators Over Credit Issues

PYMNTS

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. The China Construction Bank (CCB), based in Baotou, will handle the bank’s business operations. Baoshang’s outstanding loans totalled 156.5 billion yuan ($22.68

Banking 63
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Trade Credit Insurance

Finvisage

The report further proceeds with Results and Findings column, confronting data on several key economic factors affecting TCI on a macro scale. Subsequently, the report touches upon the UK’s current economic environment and TCI’s recent market status. These figures suggest the high credit risk exposure of UK in a global perspective.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”.

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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

So I switched to be an economics major. I graduated economics with, with a lot of coursework in accounting and finance. But in our experience, we’re seeing them efficiently transfer the credit risk of assets, but keeping the customer relationship, it’s a very important distinction.

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Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

So I was a mile deep on a subject matter of bond indexing, but now I had the opportunity to lead an equity indexing group, the entire fixed income team, our investment strategy team that does research for our clients around portfolio construction, those types of things. So a variety of risk meetings, a variety of economic meetings.

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The Coming Millennial FinTech Crisis

PYMNTS

But it’s the recently published groundbreaking research by Raj Chetty, professor of economics at Stanford, and several other of his academic colleagues that finally put a pin in the fact that the generation that every brand is desperately trying to woo is, by and large, broke and is unlikely to ever attain the earnings potential of their parents.

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Transcript: Armen Panossian

Barry Ritholtz

So you have almost a doubling of the interest coupon paid by some of these businesses against the backdrop of c ovid 19 inflation and some of the economic pressures that come with, with those factors. If SS O F R is five plus percent, what do the private credit markets look like for a reasonable borrower, reasonable corporate borrower?