Barron’s (October 8)
“The near-simultaneous collapse of two companies tied to the U.S. auto industry is shedding new light on a fast-growing part of the financial ecosystem little known outside Wall Street.” Non-depository financial institutions (NDFIs) “now account for some 33% of all commercial and industrial loans originated by large banks” and, at the end of the month, stood at $1.7 trillion (up over 400% since 2015). “These hard-to-track loans fall outside systems that regulators can track to assess where risk is concentrating.”
Tags: $1.7 trillion, Auto industry, Banks, Collapse, Commercial, Concentrating, Fast-growing, Financial ecosystem, Industrial, Loans originated, NDFIs, Regulators, Risk, U.S., Wall Street
The Economist (March 6)
“So far the signals” from China’s annual meeting of the National People’s Congress “are not reassuring. They suggest that China lacks a robust plan to deal with its economic slump and that some of its targets are drifting from reality. Power is concentrating even further in the hands of President Xi Jinping.”
Tags: Annual meeting, China, Concentrating, Economic slump, Lacks, National People's Congress, Power, Reality, Reassuring, Robust plan, Signals, Targets, Xi
