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(Bloomberg) US regional banks and finance companies are increasingly selling off their consumer loans as funding them gets harder and more expensive, flooding private credit firms and hedge funds with requests to buy the debt at a discount. Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina’s Economic Woe ....
WASHINGTON – The lightning speed at which the banking industry descended into turmoil has shaken global markets and governments, reviving eerie memories of the financial crisis. Like 2008, the effects may be long-lasting. In the space of a week, two US banks have collapsed, Credit Suisse Group needed a lifeline from the Swiss and America’s biggest banks agreed to deposit. ....
WASHINGTON (Reuters) — The lightning speed at which the banking industry descended into turmoil has shaken global markets and governments, reviving eerie memories of the financial crisis. Like 2008, the ....