Lending

Bankruptcies at First Brands and Tricolor should be a wake-up call for banks exposed to the private credit market. Banks should treat indirect lending to shadow banks as a high-risk activity that demands active oversight.

The online lender said it would give clients with more than $3,000 in their accounts the ability to invest in initial public offerings.

The project includes moving large customer deposits out of its Swiss entity into the bank’s main UBS legal unit, people familiar with the matter say.

Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.

The firm plans to reshape how it lends to billionaire clients, especially loans that are backed by hard-to-sell assets.

As soon as the program was announced, I not only advised my small business clients to apply; I also tried to figure out how to take advantage of it myself.

Companies that scored highest in this year’s Best Fintechs to Work For (a ranking compiled by our parent company, Arizent) go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.

The ace dealmaker oversaw 90 acquisitions in 13 years while at United Capital.

The strategy mimics one the executive used to boost profit at his previous employer, cross-town rival Credit Suisse.

Advisors will be able to offer “different types of lending,” CEO Walt Bettinger tells planners at the company’s Impact conference.

SkyView Partners' new digital platform for RIA buyers and sellers joins a crowded field.

A plethora of options have opened up for advisory firms, but many are unfamiliar with borrowing protocols.

Soaring demand for loans has spurred DeVoe & Co. to launch a referral service.

Almost four in 10 borrowers are under the age of 30, according to data from the Federal Reserve Bank of New York.

Brokers “have become accustomed to this kind of deal structure,” COO Ed Swenson says.

“The amount of capital available to this industry is small relative to the size of the need,” says one new lender.

“They always want to have lines in place for if markets do turn down and they get capital calls on private investments,” says Jim Steiner.

Earnings reports this week showed the firms are increasingly rushing into a booming market for lending to wealthy clients. So far, it’s paying off.

The platform outsourcer is now appealing to a new market.

Amid industry concerns, the largest RIA lender promises not to share data between the bank and its new wealth firm.