LendingClub’s Quarterly Loss Widens; CFO Dolan Steps Down
- Firm names Coleman interim finance chief as Dolan leaves
- Fannie Mae CEO Timothy Mayopoulos to join company’s board
LendingClub's Woes: Can They Turn It Around?
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LendingClub Corp.’s loss widened to $81.4 million in the second quarter as the online loan venture sought to contain damage from a surprise leadership shakeup in May. On Monday, it announced the departure of its finance chief and bolstered its board.
The net loss compared with $4.1 million a year earlier. The adjusted per-share operating loss was 9 cents, missing the 3-cent loss estimated by analysts.