LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads
on March 30, 2020 at 10:15 pm
LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative lenders could pull back from...
Prophet Capital to dissolve hedge fund amid 'extreme volatility'
on March 30, 2020 at 9:55 pm
Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of its hedge funds and...
U.S. markets watchdog Clayton says SEC should not ban short-selling of shares
on March 30, 2020 at 7:27 pm
The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market...
Colombia's ELN guerrillas declare unilateral cease-fire amid coronavirus
on March 30, 2020 at 2:43 pm
The National Liberation Army (ELN), the largest active guerrilla group in Colombia, will observe a unilateral cease-fire for one month from April 1 in an effort to help stem the spread of...
Hedge fund Fir Tree puts $410 million dislocation fund to work
on March 27, 2020 at 7:31 pm
After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 million from its dislocation funds on stocks, pockets of the credit market and other securities, sure the...