Finance

US Banks Spend $1 Trillion to Compete with Themselves

ArOne of the fastest-growing sectors for American banks is lending to the very companies aiming to capture their market share.

According to data analyzed by Bloomberg, traditional bank lending to non-bank financial institutions, such as private equity firms, hedge funds, and private credit firms, has more than doubled over the past five years. This 16% annualized growth rate has significantly outpaced lending to other sectors, including agriculture, credit cards, commercial and industrial companies, and foreign governments.

TECH

ISN, Backed by Blackstone, Explores $6 Billion Sale

ISN Software Corp. is considering various options, including a potential sale that could value the compliance software company at $6 billion or more, including debt, according to sources familiar with the matter.

The Dallas-based firm, backed by Blackstone Inc., is in talks with investment banks regarding the sale of all or part of the company, which could occur as soon as this year. The company has already garnered takeover interest from industry players and other private equity firms, the sources added.

CRYPTO

Ripple CEO Makes Bold Trillion Dollar Prediction Amid Crypto Price Swings

Bitcoin and cryptocurrency prices, including Ripple's XRP, have surged significantly following Donald Trump's return to the White House, with traders anticipating major shifts.

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Bitcoin has risen nearly 40% over the past six months, but it’s been overshadowed by Ripple’s XRP, which has skyrocketed by 300%, even as a mysterious threat targeting crypto traders has been uncovered.

With traders advised to "buckle up," Ripple CEO Brad Garlinghouse has stated that the company is ready to "unlock the U.S. market," predicting that the “opportunity” ahead will be “massive.”