Biz Break: Lending Club finds its club growing after results, investment

Top of the Order: Back in the Club: One of the most famous things Groucho Marx ever said was how he would never want to be in any club that would want to have him as a member. And to borrow from Groucho’s thoughts, for the last six months investors and potential customers have shown a lack of interest in being part of the club that is San Francisco-based loan marketplace Lending Club. To refresh your memory, earlier this year Lending Club Chief Executive Renaud Laplanche resigned after a slate of improprieties around how some loans were made. Those actions eventually led to the U.S. Department of Justice launching a probe of Lending Club’s business practices. But on Monday, things may have begun to turn around for Lending Club. Lending Club’s shares…


Link to Full Article: Biz Break: Lending Club finds its club growing after results, investment

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!