Banks make up nearly 50% of LendingClub’s platform as originations grow 18% year over year; originations were $2.3 billion for...
Yesterday, LendingClub shared that they were acquiring Radius Bank for $185 million in cash and stock; this is the first...
PeerIQ released their Q4 2018 Lending Earnings Insights Report which points to a number of themes showing the economy is strong...
LendingClub’s HQ in San Francisco hosts many of the perks of companies in the area like stocked kitchens, games and...
LendingClub saw revenue and earnings at the high end of their guidance range but, due to ongoing uncertainty remain reserved with next steps.
The lawsuit according to Crowdfund Insider names former CEO Renaud Laplanche along with current and former board members as well as former CFO Carrie Dolan; according to the complaint: "Throughout the period December 11, 2014 and continuing through May 9, 2016 (the "Relevant Period"), the individual defendants breached their fiduciary duties to LendingClub by failing to institute adequate internal controls regarding financial disclosures, related party transactions, and data integrity and security, all while causing LendingClub to represent in the Registration Statement and a series of subsequent filings that such controls were sufficient."; two shareholders filed the suit. Source
Yesterday, LendingClub shared that they were laying off 460 people, accounting for 30% of their workforce; the cuts were across...
Online lenders have felt the brunt of the current crisis as many of the platforms operate on a marketplace model...
In April 2018, LendingClub provided us with $5,000 to open a brand new account. Since then we have been chronicling the status...
We are winding down the year and approaching the time when the news cycle starts slowing down and everyone begins...