You are here

Wall St's 'takeover' of P2P loan business sparks concerns

Big players' entry runs counter to peer-to-peer lending's original notion

IT was that rare thing, scarcely seen in the financial world since the debut of the ATM or microfinancing: an innovation to help regular people. When peer-to-peer, or P2P, lending began in the middle of the last decade, it offered an easy way for people to lend money to one another over the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to