Tagged: valerie kay

LendingClub Slashes Workforce by 14% as Economy Stumbles

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

LendingClub Updates Loan Auction Platform LCX Enabling Peer to Peer Trades

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

LendingClub Launches Digital Loan Transaction Platform “LCX,” Provides Improved Liquidity & Same Day Settlement

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

LendingClub Continues Innovating with Levered Certificates backed by Marketplace Loans

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

LendingClub Quickly Tops $1 Billion in New Club Certificates

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

dv01 Expands Partnership with LendingClub

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

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

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