Bloomberg JPMorgan Chase & Co. agreed to fund 500 million pounds ($686 million) in UK home loans originated by London-based fintech LendInvest Ltd. The US bank will use LendInvest to finance properties that will be leased, known as buy-to-let loans, according to a statement. LendInvest has loaned more than 3.5 billion pounds online since its inception about a decade ago, …

Bloomberg The European Central Bank (ECB) is urging lenders to do a better job of gauging the risks they face from a potential spike in defaults as the pandemic increasingly hits companies and consumers. The worsening economy has slowed banks’ efforts to reduce existing bad debts and “there is also an embedded level of distress in loan books that is …

Bloomberg Hong Kong’s stock rally is so dependent on mainland capital that the mere suggestion the record inflows will slow has the potential to stir panic in the city’s $7.1 trillion market. Such was the case, when the People’s Bank of China (PBOC) withdrew incremental liquidity and an adviser warned obliquely of asset bubbles. The result was the biggest drop …