Search Results for: lending club

LendingRobot for Advisors Launches Connecting to Lending Club Platform

LendingRobot, the robo-advisor that connects retail investors to P2P loans, has launched a new product: LendingRobot for Advisors. This new service will help connect registered investment advisors to invest in Lending Club loans. The new application is in partnership with Millenium Trust the firm that… Read More

Lending Club Chief Capital Officer Posts Reassuring Message to Investors

Lending Club (NYSE:LC) has been stocking up on new executive hires during the past several months. One of the recent hires, Patrick Dunne – a former Blackrock executive, joined this past July as Chief Capital Officer. Dunne plays an important role is communicating with both… Read More

New GC takes Helm at Lending Club

Lending Club (NYSE:LC) has been on a steady pace rebuilding its executive bench.  Today, the largest marketplace lending platform in the US has announced a new General Counsel. Russell Elmer has been named as the new GC replacing Jason Altieri who has been Lending Club’s… Read More

Lending Club will Pay New CFO Signing Bonus & $4.5M Stock Grant

Lending Club (NYSE:LC), the leading marketplace lending platform in the US, just announced the hiring of its new CFO, Thomas Casey, following the departure of Carrie Dolan announced several weeks back. Today, Lending Club is revealing what they had to pay Casey to gain his… Read More

Lending Club Appoints Thomas Casey as CFO

Lending Club (NYSE:LC), the leading marketplace lending platform in the US, has announced the appointment of Thomas Casey as their new Chief Financial Officer. The hiring comes after long-time executive Carrie Dolan announced her departure several weeks back.  Lending Club described Dolan’s departure as a long… Read More

Lending Club Hires former BlackRock & Morgan Stanley Executives

As part of the rebuilding process Lending Club (NYSE:LC) is seeking out new hires with traditional Wall Street cred.  Today the leading marketplace lending firm has hired not one, but two former Wall Street bankers. Lending Club has appointed Valerie Kay, formerly an MD with Morgan… Read More

LendIt Founder Slaps Down Bloomberg Article on Lending Club “Shady Loans”

Peter Renton, founder of LendIt and online lending industry advocate, has take to the pages of Lend Academy to defend Lending Club (NYSE:LC) following a critical article by BloombergBusinessweek. The Bloomberg article, co-authored by Max Chafkin and Noah Buhayar, hammered Lending Club by questioning the… Read More

Here is the Q2 Earnings Deck for Lending Club

Lending Club (NYSE:LC) announced earnings yesterday. The Q2 numbers were over-shadowed by the “resignation” of Carrie Dolan, the longtime CFO of Lending Club who joined the company when there were just 40 companies. During the conference call, Lending Club CEO Scott Sanborn stated that Dolan… Read More

Lending Club Announces Q2 Financial Results: “Our efforts to reengage investors are working”

Lending Club (NYSE:LC) has announced Q2 2106 financial results reporting almost $2 billion in loan originations. Comparing this quarter to the same quarter in 2015, originations increased by 2%.  Meanwhile losses accelerated with a negative $81.4 million being posted and an adjusted EBITDA of $30.1… Read More

Carrie Dolan Departs Lending Club as CFO

There is another shocking change of leadership at Lending Club (NYSE:LC), the largest marketplace lending platform in the US. Longtime CFO Carrie Dolan has resigned her role as Chief Financial Officer in what must be a significant blow to the online lender.  Dolan joined the… Read More

Lending Club Reports After the Bell on Monday

Lending Club (NYSE: LC), the largest marketplace lending platform in the US, is scheduled to announce Q2 earnings tomorrow after the market closes on Monday (August 8). The executive team will be holding a conference call at 5PM ET (2PM PT). The financial performance of… Read More

Interested in Buying Loans? Lending Club Said to Be in Talks with Western Asset Management

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Seeking to spark demand for its consumer debts arranged online, Lending Club (NYSE:LC) is said to be in talks with Western Asset Management Co. to set up a fund to purchase as much as $1.5 billion of loans over time, reported Bloomberg. An unidentified person familiar… Read More

New UK P2P Lender Orchard Lending Club Launches

Last week, UK peer-to-peer lending platform, Orchard Lending Club, officially launched and is now offering investors the opportunity to earn up to 7.08% interest per annum over a five-year period by lending finance to creditworthy professional practices and schools and their clients. Orchard Lending Club is… Read More

Lending Club to Post Q2 Earnings on August 8th

Lending Club (NYSE:LC), the largest marketplace lending platform in the US, has scheduled 2nd quarter earnings (ending June 30) release for August 8, 2016, after the market closes.  Lending Club will host its earnings conference call at 2PM PT or 5PM ET that day. A… Read More

New Hire: Lending Club Appoints Former BlackRock Executive as New Chief Capital Officer

Marketplace lending platform Lending Club (NYSE:LC) has appointed Patrick Dunne as its new Chief Capital Officer.  Dunn, an experienced investment banker, has held leadership roles at BlackRock, Barclays Global Investors and iShares.  Most recently Dunne was head of BlackRock’s San Francisco office and Head of iShares… Read More

The Lending Club Predicament & The Lessons Learned

When Lending Club, as the worldwide leader in P2P/marketplace lending and, for that matter, in the entire global crowdfunding market, runs into trouble, it is bound to send ripples way beyond its home market, the United States. And it does. The fast emerging French crowdlending… Read More

Lending Club: Here is the 8K Filed Alongside Shareholder Meeting

Lending Club (NYSE:LC) held its annual shareholder meeting yesterday making several announcements including the appointment of Scott Sanborn as CEO, making his position permanent instead of temporary. The largest marketplace lending platform in the US explained to shareholders that many investors paused in May but… Read More

Lending Club Annual Meeting is Today, Announces Reduction of 179 Employees on Lower Loan Volume

Lending Club (NYSE:LC) will be holding its annual meeting today.  Originally the meeting was scheduled for June 7th, the annual meeting was rescheduled for today (June 28, 2016) as it was not yet in a position to provide its shareholders a complete report on the… Read More

It’s Official: Scott Sanborn is Named CEO of Lending Club

Scott Sanborn, previously named “Temporary” Chief Executive Officer of Lending Club (NYSE:LC), may now remove the temporary portion of his title.  Sanborn is now the CEO of Lending Club following a decision by the Board of Directors.  The Board has tasked Sanborn with transforming the… Read More

Update: Tianqiao Chen Again Increases Stake in Lending Club, Up to 15.13%

Singapore-based private investment firm Shanda Group led Chinese billionaire Tianqiao Chen reported that Chen has raised his stake again in online lending platform Lending Club Corp following the recent ouster of founder and Chief Executive Renaud Laplanche. According to Reuters, Chen increased his Lending Club shares… Read More

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