Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.
We have many great articles here for your weekend reading. One of the most interesting articles from this past week was the Technode article about p2p lending in China. The author, Roger Ying, suggests that the p2p lending industry in China could be as large as the traditional banking system, as much as $1 trillion annually but most of that is “underground” and offline. As far as legitimate companies go the author claims there are more than 100 p2p lenders operating in China today, one of which was founded recently by Ying. Enjoy your weekend.
IFA Magazine (UK) – Credit Where It’s Due
This is Money (UK) – Savers’ real rates of return on social lending: How an income tax trap trims interest
Lucrative Lending – 14.23% Net Annualized Return Investing in P2P Loans with Lending Club
Wiseclerk (UK) – Zopa Will Offer More Loan Terms
Wall Street Oasis – Hedge Funds Move into P2P Lending
Lucrative Lending – Nickel Steamroller: Lending Club Portfolio Analysis Tool
The Fiscal Times – 4 Oddball Investment Ideas That Can Make You Money
Financial Times (UK) – Mack moves to cutting edge of P2P lending (free registration required)
TechNode – P2P Lending Industry and a Practioner’s Experiences in Entrepreneurship in China
CNBC – Why Small Businesses Can’t Secure Financing: Opinion
The Independent (Ireland) – New lending idea saves jobs and makes banks irrelevant
Learn Bonds – Which Company has the Best Peer to Peer Lending Returns?
Thomas DeLong – Prosper – April update: Seasoned returns are 24% y/y