LendingClub's Q3 metrics indicate quarterly recovery - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Despite its slight recovery, LendingClub is still prioritizing launching a challenger bank—and diversification is wise since it'll better serve existing customers and fuel acquisition efforts

to reduce operational expenses through layoffs and salary cuts, tighten underwriting, and increase interest rates on new loans—and it appears these efforts are now yielding results.; the P2P sector is forecast to continue to struggle as retail investors shy away from these platforms due to the risky nature of their largely small business borrowers. Protecting its existing loan portfolio may have restored investor confidence, which likely contributed to its rise in loan origination in Q3.

Despite this slight recovery, LendingClub is still prioritizing launching a challenger bank—and we think diversification is wise since it'll broaden its product suite to better serve its existing customers and fuel acquisition efforts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'The Kingdom of Glory is near and we must deliberately prepare for it in Holiness and Righteousness. Those who will seek The LORD with all their heart, soul and being will find HIM. GlobalHolyVigil

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Schonfeld's pitch for its $2.2 billion fundamental equity fund - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the NCAA's rules for student-athletes monetizing their brand - Business InsiderNCAA student-athletes are months away from being able to profit off their brand. Here are all the ways businesses, agents, and advertisers can — and can't — work with them. thank you very much for your work
Source: BusinessInsider - 🏆 729. / 51 Read more »

What it's like inside a Venezuela hospital with no running water or medicine - Business InsiderWe went inside a public hospital in Venezuela where there's no running water and cancer patients have to provide their own medicine US Sanctions do that! StopTheCruelty
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the Amex virtual mentorship program helping low-income students - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Great initiative!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside high-end custom pianos with Steinway & Sons CEO, Lenny Kravitz - Business InsiderInside the highest end of high-end pianos, with classic brand Steinway & Sons and its newest collaborator, Lenny Kravitz wow
Source: BusinessInsider - 🏆 729. / 51 Read more »

Webinar: Inside private-equity recruiting at Carlyle, Apollo, Bain - Business InsiderJoin us on Thursday, December 3, at 1 p.m. ET, as Business Insider's Wall Street reporter reedalexander moderates a panel featuring four experienced recruiters from top private-equity firms. They'll share tips on how to make it in the industry and more.
Source: BusinessInsider - 🏆 729. / 51 Read more »