Most Consumers Are Leery of the Sharing Economy
The biggest issue for users and potential users of sharing services is personal safety, a survey shows.
CFOs on the Move: Week Ending Sept. 16
Tiffany, Lending Club, Frontier Communications, Cynosure, Lumber Liquidators, Tower International, Prestige Brands, Amkor Technology
CFOs on the Move: Week Ending August 12
hhgregg, Pomeroy, Healthways, National CineMedia, Haemonetics, Lending Club, PharMerica, Rambus, Wingate Healthcare
LendingClub Cuts 12% Of Its Workforce
An internal review also found loans made to LendingClub's former CEO and his family that were originated to boost reported loan volume.
Online Lender Avant Cuts 7% of Workforce
The layoffs are another sign of upheaval in the online lending sector as investors have turned negative on funding firms.
Finance Roundup for Executives: May 10, 2016
Be informed, get involved, and shape the world through finance. Read CFO.com's most recent headlines and standout stories.
Lending Club CEO Resigns Over Loan Sales
Investors react to the resignation of co-founder Renaud Laplanche by driving Lending Club shares down more than 27%.
Online marketplaces for consumer and small-business loans are leaving traditional bank lenders in the dust. But will they last?
SoFi Reportedly Seeking $3.5B Valuation
Social Finance, already valued at $1.3 billion, may be the next big peer-to-peer lending IPO.
What’s Ahead for Lending Club and OnDeck
Online lenders will have to overcome many stumbling blocks, like vulnerability to economic fluctuations, says one banker.