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Lending by nonbanks is now a trillion-dollar business

Jan 16, 2024
Small and medium-size businesses are increasingly getting loans from nonbank entities like hedge funds or private equity firms.
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The Treasury Department wants to apply more scrutiny to financial institutions that aren't banks

Apr 25, 2023
Several of them were responsible for the 2008 financial crisis.
Several nonbanks, including Bear Stearns,  were partially responsible for the 2008 financial crisis.
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Like other banks before it, Wells Fargo pulls back from mortgage biz

Jan 11, 2023
It used to be the top mortgage lender in the country.
Wells Fargo used to be the top mortgage lender in the country. Now it's retreating from the business as nonbank lenders gain market share.
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