Tagged: valerie kay

January 12, 2023 @ 5:37 pm By JD Alois  |  

LendingClub (NYSE:LC) has become the latest Fintech to cut costs and reduce employee headcount. According to an SEC filing and release, Lending Club will slash its workforce by 14% or 225 employees while reducing costs and incorporating a reorganization plan. LendingClub said the move was… Read More

May 25, 2022 @ 8:30 am By JD Alois  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, has announced a “major enhancement” to its automated loan auction platform, LCX. LendingClub states that institutions may now trade directly thus increasing liquidity for loans. LendingClub describes LCX as a “digital revolution in marketplace investing.”… Read More

October 10, 2019 @ 9:00 am By JD Alois  |  

LendingClub (NYSE: LC), the leading marketplace for loans in the US, has launched a “first of its kind” online marketplace designed to connect institutional investors to loans called LCX. The new marketplace provides same-day settlement of fully funded loans. LendingClub said in a release that… Read More

July 22, 2019 @ 9:06 am By JD Alois  |  

LendingClub (NYSE: LC) has issued its “next-generation certificates,” called “Levered Certificates.” These certificates are backed by approximately $100 million of loans originated on the LendingClub platform. According to a release, LendingClub has structured the offerings to consist of two securities, one equity certificate, and one… Read More

November 20, 2018 @ 9:00 am By JD Alois  |  

Announced less than a year ago, LendingClub’s (NYSE:LC) new Club Certificates have topped the $1 billion mark, according to a release by the marketplace lending platform. The Club Certificates is an entirely new pass through security designed to make it easier for institutional investors to participate… Read More

September 22, 2018 @ 9:16 am By JD Alois  |  

dv01, a platform that connects online lenders and investors with data management, has expanded its reporting partnership with LendingClub, according to a release by the firm. dvo1 has previously provided reporting services for LendingClub securitizations but is says it now has secured its “role as… Read More

August 24, 2016 @ 5:33 pm By JD Alois  |  

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