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American lenders have loaned so-called shadow banks more than $1 trillion, and regulators are worried.Thats according to a report Saturday
stanley quencher Feb. 10 by the Financial Times FT , which cites recent figures from the U.S. Federal Reserve showing that U.S. banks loans to non-deposit-taking financial companies had gone past $1 trillion at the end of last month.That amount is up 12% over the last year, the report said, making these loans 鈥?to hedge funds, direct lenders and private equity firms 鈥?one of the fastest-growing areas of business for banks at a time when overall loan growth has slowed.However, the report noted that the recipients of the loans are using the money to leverage investments and increasingly lend it out to riskier borrowers, of whom regulators have warned banks against lending directly.According to the FT, the rise in loans to these lenders has regulators worried as there is little information about the risks these companies are taking.Michael Hsu, acting head of the Office of the Comptroller of the Currency, told the FT recently he thought the loosely regulated lenders were pushing banks to make lower-quality and higher-risk loans. We need to solve the race to the bottom, Hsu said. And I think part of the way to solve it is to put due attention on those non-banks. As PYMNTS wrote last week, this rise in lending to 鈥?
stanley ca and by 鈥?shadow banks is happening as several Americas smaller businesses appear ready to switch to lending chan
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WikiLeaks may have the U.S. governme
stanley kubek nt up in arms over its latest data dump that showcased the CIAs hacking tools, but the website operator is offering to help technology companies prevent those techniques from working on their systems and products.According to a report, WikiLeaks is offering to give technology companies detailed information about the CIA tools, Julian A
gourde stanley ssange, the founder of WikiLeaks, said during a press conference, according to the report. Assange has been holed up in the Ecuadorian Embassy in London for five years.The documents WikiLeaks dumped earlier this week showed how the CIA is adept at hacking Apples iPhones, Samsungs smart TVs and Android devices. The CIA was able to bypass encryption on messaging devices and take over control of the camera and microphone once the devices were hacked. With the Samsung TV, it was able to turn it into a spying device to listen to what was going on in the room where the TV was located. During the press conference, Assange reportedly said tech companies have already reached out to WikiLeaks regarding the CIA tools. WikiLeaks said it would hand over the information to technology companies so they can secure thei
stanley us r products. We have decided to work with them, to give them some exclusive access to some of the technical details we have, so that fixes can be pushed out, Assange said, according to the report.Assange also revealed that WikiLeaks was able to access the CIA documents because the hacking toolkit was all in one