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Peer To Peer Lending Crosses $1 Billion In Loans Issued
techcrunch.com 5 hours, 4 minutes agoEditor’s note: Peter Renton is the editor and publisher of the Social Lending Network , a blog dedicated to peer to peer lending. You can follow him on Twitter @socialloans. Peer to peer (p2p) lending was always an idea with great potential. It is a simple concept. Match people who want to borrow money with people who want to invest money. Cut the banks out of the equation and everybody wins. Of course, it hasn’t been that simple. When the industry was just getting established the two leading players, Lendi
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Spanish Debt Costs Spiral As Crisis Deepens
yahoo.com 1 day, 5 hours agoMADRID (Reuters) - Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt into the struggling lender. Prime Minister Mariano Rajoy pinned the blame for the rising borrowing costs - the spread over Germany reached the highest since the euro's launch - on concern about the future of the single currency. He again ruled out seeking outside aid to revive a banking sect
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