LendingClub Lures Investors as Consumer Loan Rates Top Bonds
This article is for subscribers only.
LendingClub Corp., a startup that lends money to help consumers pay off credit-card bills, consolidate debt and take vacations, is attracting investors who buy pieces of those loans and get higher returns than they can from stocks or bonds.
Peter Thomson, director of Thomson Reuters Corp., is investing in some of LendingClub’s top-rated loans that mature in 36 months, he said in an e-mailed statement. Thomson will invest a total of $25 million, said two people familiar with the matter, who declined to be named because the amount is private.