Big banks have found a new way to stay in the subprime lending business

Big Wall Street banks have found a way to continue funneling money to high-risk borrowers - by lending to other institutions who make the so-called subprime loans. Wells Fargo, Citigroup and others pushed $345 billion to nonbanks lenders, sometimes called "shadow banks," from 2010 to 2017, according to a Wall Street Journal analysis published Tuesday....(read more)

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