Investment Banking

Big banks find a way back into sub-prime loans

Banks like Barclays, Citigroup and Deutsche Bank are funding loans by non-bank financial firms

Big banks find a way back into sub-prime loans

Bank loans to non-bank financial firms hit a record high of nearly $345bn in 2017, write Peter Rudgeeair, Rachel Louise Ensign and Coulter Jones forThe Wall Street Journal.

That is a six-fold increase between 2010 and 2017, according to WSJ analysis of regulatory filings. They are now the largest category of loans by banks to companies.

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Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust WatchdogExternal link

Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust Watchdog