Startups and small businesses, including tech companies, are resorting to revenue-based financing, whereby future performance determines how they pay the loans back
Finally a bank has been indicted for the kind of mortgage fraud that crippled global finance. But why is it tiny Abacus Federal Savings in New York's Chinatown?
"Mono-banking culture is on its way out," says Bank of England's Andrew Haldane, as startup lending platforms spread through the U.S., Europe, and China