A Fintech Is Buying a Bank for the First Time Ever, and It Could Change Everything [The Motley Fool]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: The Motley Fool
In its fourth-quarter and full-year 09 earnings release, financial-technology loan platform LendingClub ( NYSE:LC conference call with analysts What has analysts like Coffey so excited? This is the first time a new fintech company has acquired a bank -- specifically, digitally native Radius Bank While that may not seem like such a huge deal, it could be. Fintechs came on to the scene a few years ago as potential disruptors to the banking industry. However, many have fallen flat, as regulatory hurdles popped up, credit tightened, charge-offs rose, and legacy big banks upped their game. However, should fintechs be able to combine what's best about their modern, nimble platforms with the regulatory compliance and access to deposits that banks have, it could make for a formidable combination. Though LendingClub is the first to make the combination by acquisition, private start-up Varo Money just received a bank charter earlier this month after a three-year application process. Fellow fint
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News
- Peer-to-Peer Lending Market Surges to US$ 1709.6 Billion by 2034, Driven by Growing Demand and Reduced Operating Costs | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- 4 Warning Signs You're Not Prepared for Unexpected Medical Expenses [Yahoo! Finance]Yahoo! Finance
- This couple makes $139K/year yet they're drowning in debt and can barely make ends meet. Ramit Sethi weighs in [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference CallPR Newswire
LC
Earnings
- 1/30/24 - Beat
LC
Sec Filings
- 4/11/24 - Form PRE
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- LC's page on the SEC website