‘Let Me Assure You,’ LendingClub’s New Chief Tells Investors

Updated on
  • Acting CEO Sanborn says performance of loans ‘remains robust’
  • Stock plunged after Renaud Laplanche’s surprise departure

How Wall Street Waltzed LendingClub Into Crisis

LendingClub Corp., the online marketplace lender that plunged almost 50 percent since the surprise resignation of its chief executive officer last week, said it’s financially viable and continues to make and service loans.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.