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Peer2Peer Finance News | November 25, 2017

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US P2P lending

LendingClub’s Laplanche must face shareholder lawsuit

May 26, 2017 |

LENDINGCLUB founder Renaud Laplanche’s efforts to dismiss shareholder lawsuits have been rejected by a federal judge.

Investors in the US peer-to-peer lending giant had accused the former chief executive of concealing material weaknesses in LendingClub’s ability to monitor its operations, … Read More

Lending Club posts Q1 loss but lifts full-year forecast

May 5, 2017 |

LENDING CLUB posted its fourth consecutive quarterly loss on Thursday but raised its revenue forecast for the full year, as chief executive Scott Sanborn restated his ambition to return the company to growth within one year from his predecessor’s departure.

The scandal-struck … Read More

Global P2P market worth over £106bn

October 12, 2016 |

THE GLOBAL peer-to-peer lending market grew by a whopping 271 per cent to more than $130bn (£106.4bn) last year, according to new research.

The market was valued at $35bn in 2014, according to the joint study by accountancy firm KPMG … Read More

RiverNorth launches P2P fund

September 29, 2016 |

RIVERNORTH Capital Management today said it has launched a fund dedicated to peer-to-peer lending, in a sign that US investor sentiment is improving towards the sector after the Lending Club scandal.

The Chicago-based investment firm’s new fund, called RiverNorth Marketplace … Read More

LendingClub hires Thomas Casey as CFO

September 13, 2016 |

LENDINGCLUB today said it has hired industry veteran Thomas Casey as its chief financial officer.

The scandal-struck US peer-to-peer platform lost its former CFO Carrie Dolan last month, following the high-profile resignation of founder Renaud Laplanche as chief executive on … Read More