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StrategyLabs recommends: Is Lending Club an Isolated Case or a Sign of a Much Bigger Problem?

The last week has signified an interesting turn in the relatively young history of the alternative lending industry. In particular, online lending took a hit and perpetuated a wave of skepticism around it.

The event to contribute to it is related to one of the largest alternative lenders – Lending Club – whose shares plummeted significantly in less than a week. In the period between May 6 and 10, Lending Club’s share prices went from $7.09 to $4.10 with the lowest point at $3.98 per share.

Overall, Lending Club’s share prices were reported to drop by 35%. Investigations around the quality of loans didn’t particularly help the situation.

By Sofia (letstalkpayments.com)


Read more on Lending Club casehere




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