Editors' picks for the weekinclude delinquencies ticking up for LendingClub and Prosper, dampening theirtotal returns, and Connecticut's high-net-worth personal lines marketcontinuing to be a battleground for carriers.
An acquisition helped fuel Citigroup Inc.'s sharp growth in card loans during thesecond quarter. But for another big bank, a broadening in credit appetite andmacroeconomic factors contributed to its fastest expansion in period-end cardloans in recent memory.
Competitionheats up in Conn. high-net-worth personal lines market
Connecticut continues to emerge as one of the battlegroundstates in the reshaping of the high-net-worth personal lines business.
MedicalLiability Mutual's Berkshire-sponsored demutualization has recentprecedent
The length of time Berkshire Hathaway Inc. projected it would takeNational IndemnityCo. to complete its acquisition of the stock successor to drew a quip fromWarren Buffett.
Credit qualityconcerns increasing for LendingClub, Prosper
On top of regulatory uncertainty, a skittish investor baseand corporate governance issues at an industry leader, digital lenders now needto answer questions about credit quality.
Even though the two largest lenders, and , launchedbefore the 2008 recession, most of their loans were made in the last few years.Some investors have expressed concern that the companies' underwritingprocesses have not yet been tested by a downturn.
Earningstaking back seat as M&A chatter set to dominate health insurers' Q2calls
A pair of large-scale mergers is likely to dominate theconversation in the healthcare community this earnings season, as analysts andinvestors grapple with the broader implications of consolidation within theinsurance space.