Lending To Nonbank Financial Firms: Are Big Banks Back Into Subprimes? – April 15, 2018
Has the involvement of big banks in this sector really come to an end? The answer is no. According to the Wall Street Journal, it has just passed through “a back door”: nonbank financial firms. Since 2010, bank loans to nonbank financial firms have increased sixfold, reaching a record $345 billion. In 2017, Wells Fargo accounted for $81 billion alone, compared with $14 billion in 2010.