Lending Club Announces New CEO, Workforce Reduction Plans - benzinga.com -BoardProspects

Lending Club Announces New CEO, Workforce Reduction Plans

benzinga.com Dec 31 1969 BoardNews

Lending Club higher ahead of annual meeting as it cuts jobs (Seeking Alpha) One of the most hard-hit stocks over the past few months has been LendingClub Corp (NYSE: LC ) after the company saw its CEO Renaud Laplanche resign in May. LendingClub's board of directors oversaw an internal review of $22 million in sales of near-prime loans that Laplanche conducted...
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Quotes
1. Scott and the management team have demonstrated they can lead Lending Club through this turbulent time.
2. We have demonstrated the power of the Lending Club marketplace model to generate attractive, risk adjusted returns to investors.
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- Jayson Derrick