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Bank news roundup

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Crain's Detroit Business - The alternative financing market, including crowdfunding and peer-to-peer lending, is exploding, according to a report by KPMG LLP, the Cambridge Centre forAlternative Finance and the Polsky Center at the Chicago Booth School of Business.Alternative financing generated more than $36 billion in 2015, up from just $11 billion in 2014, according to the report. Peer-to-peer lending totaled more than $25 billion last year.U.S. businesses are learning how to tap into these alternative funding sources.

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