Investors Want “Diversification” In Loans, But Are They Getting It During Crisis?Mark Melin
With Silicon Valley increasingly knocking on the door of Wall Street, developing innovative products using their technology and brand reach to take market share from banks, the business of packaging and selling loan products is, likewise, changing. Combining technology with a low-yield environment is “marketplace loan products” (MPLs). These investments in the debt of consumers are growing, with one of the primary performance drivers behind the decision being “diversification.” But are . . .
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