Banks make up nearly 50% of LendingClub’s platform as originations grow 18% year over year; originations were $2.3 billion for the quarter and revenue was $151.7 million; LendingClub incurred a GAAP net loss of $31.2 million which included legal expenses related to legacy issues of $17 million. Source
-
This content was created by one of our content team members. You can pitch a news story — including guest contributor requests — using our story portal.