And Japan's MUFG launches new business in the Americas.
According to Reuters, "Deutsche Bank is among more than 20 bidders in talks to potentially buy a 3.2 billion euro ($3.5 billion) loan portfolio from state-owned rival HSH Nordbank as Germany's biggest lender tries to do deals despite its troubles. HSH and Deutsche declined to comment." Read more here.
CNBC reports that according to new data, shadow banks are on the cusp of taking the lead from their commercial counterparts in the mortgage market, a phenomenon that hasn't been seen since the 2008 financial crisis. "Non-bank lenders, which inhabit the comparatively lightly regulated industry, accounted for 48% of mortgage activity in 2015 — and there's reason to believe that when all is said and done for 2016 that number will grow." Read more here.
Japans's Mitsubishi UFJ Financial Group Inc aims to help finance airlines' purchase of planes as it launches a new business in the Americas. According to Reuters, "the move highlights how large players in the aviation industry like MUFG remain confident that more travelers will take to the skies and that airlines will buy more aircraft, despite signs that demand for new jetliners is falling." Read more here.
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