Search Results for: lending club

Lending Club Schedules Annual Shareholders Meeting for June 6, 2017

Lending Club (NYSE:LC) has scheduled its annual shareholders meeting for June 6, 2017.  Stockholders must own shares as of close of business on April 10, 2017 to be able to participate in the virtual event. The agenda for the meeting is expected to be largely… Read More

Lending Club Alters Grace Period for Borrowers

Lending Club (NYSE:LC) has tweaked the way it manages the “grace period” for borrowers when they make payments past the due date. Previously, borrowers received a 15 day grace period for any penalties on payments less than 15 days late.  Beginning today, Lending Club requires… Read More

Here is Lending Club’s Q4 Earnings Presentation (Deck)

Lending Club (NYSE:LC) has reported Q4 2016 earnings along with forward-looking statements for 2017. Lending Club reported that loan originations in Q4 of 2016 were $1.99 billion, or 1% higher compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

Lending Club Reports Q4 & Full Year Results as Originations Dip: “We Are Entering 2017 in a Stronger Position”

Lending Club (NYSE:LC), the largest marketplace lending platform in the US, has reported Q4 results alongside full year numbers. Loan originations in Q4 of 2016 were $1.99 billion, up 1% compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

Jason Altieri, Former GC at Lending Club, Lands at Roofstock

Roofstock, an online marketplace that facilitates direct purchases of rental property, has announced the appointment of Jason Altieri as Chief Legal and Compliance Officer. Altieri was previously General Counsel at publicly traded marketplace lending platform Lending Club (NYSE:LC).  Roofstock has been growing rapidly aided in… Read More

Lending Club Releases Investor Update on Loss Forecasts

lending clubLending Club (NYSE:LC) has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. The letter includes an update on expected delinquency rates across the existing loan portfolio following changes made several times in 2016, and implemented additional changes… Read More

Lending Club Schedules Q4 Earnings Release for February 14th

Lending Club (NYSE: LC), the leading US marketplace lending platform,  will issue its Q4 earnings report on Tuesday, February 14, 2017, after market close. Lending Club will host a conference call to discuss the fourth quarter financial results at 2:00 p.m. PT / 5:00 p.m. ET on… Read More

Lending Club Announces Bonus Incentive for New IRA Investments

Lending Club (NYSE:LC) recently announced it is now offering a bonus incentive for IRA investments. From now through April 30, 2017, investors that open an IRA investment will receive a bonus of up to 3% of their investment. According to Lending Club, the IRA investment offer is… Read More

Lending Club CTO Resigns

Lending Club (NYSE:LC) filed an 8K yesterday indicating that Chief Technology Officer John MacIlwaine had submitted his resignation on December 15th. MacIlwaine decided to depart from Lending Club to pursue another opportunity.  Lending Club stated that Richard Southwick, Senior Vice President for Technology, will oversee… Read More

Canaan Partners Sells Shares of Lending Club

Canaan Partners has filed a Form 4 indicating it has sold shares in Lending Club (NYSE:LC). Canaan was an early investor in Lending Club but over past months the VC firm has been selling shares in the publicly traded online lender. Canaan Partners is a Silicon… Read More

Here is Lending Club’s Q3 Earnings Deck

Scott Sanborn, CEO of Lending Club (NYSE:LC) delivered an upbeat report on Q3 results today sharing on the earnings call that progress was moving forward ahead of expectations.  Sanborn said investors invenctives were removed and many institutional investors had returned to the fold. Lending Club… Read More

Lending Club Announces Q3 Results. Originations Down from Year Prior but Beats Expectations

Lending Club (NYSE:LC),the largest  marketplace lending platform in the US, is out with Q3 results.  Lending Club reported a net loss of $36.5 million for the Q3 of 2016, an improvement vs. the net loss of $81.4 million reported in Q2 of 2016. Meanwhile originations… Read More

Lending Club Receives $1.3 Billion Commitment from National Bank of Canada

Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy.  The agreement calls for Credigy, a firm that specializeds in consumer finance investment,  to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More

Here is the Lending Club Presentation Where They Introduce Auto Loans

The largest US marketplace lending platform Lending Club (NYSE:LC) introduced a new vertical on October 25th.  Lending Club will now offer individuals the option to refinance their existing auto loans and potentially save a good amount of money.  While only available to residents of California… Read More

Former Lending Club COO John Donovan Joins Bizfi as CEO

Bizfi, a, NYC-based fintech platform that combines aggregation, funding and a marketplace for small businesses, announced its board of directors has appointed John Donovan as the company’s CEO. Donovan is 30-year payments and alternative finance industry veteran, serving both small businesses and consumers. “Bizfi is transforming the way… Read More

Lending Club Gets into Auto Loans with New Refinancing Product

Lending Club (NYSE:LC) has entered a new credit vertical with the launch of an auto loan refinancing product. The marketplace lending platform pointed to the fact that for most consumers an auto purchase is their second largest following their home. Initially only residents of California will… Read More

Lending Club Schedules Earnings Release for November 7th

Lending Club (NYSE:LC) has scheduled third quarter earnings release for Monday, November 7, 2016. The conference call will take place at 8AM ET that day. A live webcast of the call will be available at on the Lending Club website under the Events & Presentations menu…. Read More

Sign of a Bottom? Hanwha Life Buys 4.1% of Lending Club

A report in the Korean Herald has pointed to Hanwha Life Insurance purchasing a 4.1% equity stake in Lending Club (NYSE:LC).  Hanwha Life spent 75 billion won or approximately USD $66.25 million as they believe its stock is undervalued. PulseNews reported last year that Hanwha… Read More

Lending Club Chief Investment Officer Sends Letter to Investors Providing Credit & Interest Rate Update

Siddhartha Jajodia, Lending Club‘s Chief Investment Officer, has forwarded a letter to the platform’s investor’s updating the key stakeholders on credit and interest rate changes. The letter from Lending Club (NYSE:LC) was disclosed in an 8-K filed with the SEC today (October 14, 2016). In… Read More

Send this to a friend