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Lending Club is now a public company, listed on the New York Stock Exchange. It has grown from around 500 to over 1,000 employees and has sprawled to requiring space in three San Francisco office ...
Since the Lending Club scandal broke last month, several commentators have said that the company and other peer2peer and online lenders are headed for trouble. I have been following this industry ...
Lending Club has had a terrible, horrible, no good very bad month. On May 9, the company disclosed that its founder, Renaud Laplanche, was stepping down as CEO effective immediately following an ...
In the first public offering from a so-called peer-to-peer lending startup, Lending Club also becomes the 18th-largest IPO out of more than 264 in the U.S. this year, which has had the most deals ...
Now, the Lending Club will report returns as it has in the past, but it will also include an option where the lender can look at estimated returns using past experiences on late notes.
Lending Club was founded in 2006 and went public in 2014. It claims to be the country's largest online lending marketplace. The company originated $9 billion in loans last year, according to a ...
Lending Club has always pitched itself not as a bank or even as a lender, but as a "marketplace" -- an online matchmaker that connects investors looking to lend with consumers hoping to borrow.
After going public in December, Lending Club shares shot up to about $29 per share. However, since then it has been pretty painful for Lending Club's shareholders, with shares down by more than 30 ...
Lending Club IPO: Should You Bank on This Hot Stock? Chung Sung-Jun/Getty Images. By Michael Brush, The Fiscal Times ...
According to the Lending Club, annual returns have averaged 5.49 percent for their highest rated "A" loans, up to 13.55 percent for the second riskiest category "F" loans.