LendingClub founder, ousted two years ago, pledges not to make the same mistakes in new start-up [CNBC]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: CNBC
Adam Jeffery | CNBC Renaud Laplanche, CEO and founder of Lending Club. More than two years after his ouster from LendingClub , Renaud Laplanche still owns millions of dollars worth of stock in the company he created, even though he's since started a rival online lender that's rapidly growing. I still very much believe in the company and the people who work there, Laplanche told CNBC. For his second act in financial services, Laplanche is focused avoiding past mistakes. He was forced to resign suddenly from LendingClub in May 2016 for a convoluted set of events involving the questionable sale of certain loans by the company and a lack of transparency with the board. LendingClub has struggled to recover. Since debuting on the New York Stock Exchange at $15 in late 2014, the shares have lost more than three-quarters of their value to $3.38 at Friday's close. Laplanche started his new company, Upgrade, in August 2016, three months after
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News
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- 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