LendingClub Corp Aktie News

LendingClub faced severe headwinds as interest rates rose at the fastest pace in history. Despite that, the company adapted and maintained profitability through the turmoil.

LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted in the operating agreement. The company now has more autonomy and flexibility in how it runs the business and deploys capital, while it continues to work closely with regulators.

LendingClub Corporation (LC) Q4 2023 Earnings Call Transcript

Increased Marketplace Originations 21% QoQ with $1B of Structured Certificates Sold Continued GAAP Profitability with Strong Capital & Liquidity Levels SAN FRANCISCO , Jan. 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the fourth quarter and full year ended De...

LendingClub's business model has been negatively affected by rising interest rates and the regional banking crisis in 2022 and 2023. The company has implemented cost cuts and innovated its business model to offer "structured certificates" to investors. LendingClub currently operates at higher capital ratios than peers due to commitments made under an agreement with regulators.

SAN FRANCISCO , Jan. 10, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the fourth quarter and full year 2023 after the market closes on Wednesday, January 31, 2024. LendingClub will host a conference call to discuss the fourth quarter and full year 2023 finan...

40% of Paycheck-to-Paycheck Consumers Report Super-Prime Credit Scores 43% of All Cardholders Have Had a Revolving Balance on Their Credit Cards in 2023, An Increase From 41% in 2022 SAN FRANCISCO , Dec. 18, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released key findings from the 29th editio...

60 Percent Cite Access to Fewer Resources as Reason to Spend Less Overall More Than One-Third of Consumers Plan to Use Savings to Cover Holiday Spending Nearly One-Third of Consumers Intend to Use One or More Credit Options to Finance Purchases SAN FRANCISCO , Nov. 20, 2023 /PRNewswire/ --  LendingClub Corporation  (NYSE: LC), the parent company of LendingClub Bank, America's leading digital ma...