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LendingClub Said to Work With Jefferies to Add Loan Buyers

  • Potential buyers include Fortress, JC Flowers, Reuters says
  • CEO Sanborn sought to reassure investors of firm’s viability
Updated on

LendingClub Corp., the online marketplace lender that plunged more than 40 percent since the surprise resignation of its chief executive officer this month, is working with Jefferies Group to line up purchasers for its loans, according to a person briefed on the matter.

Jefferies will be working with a range of possible buyers of the debts, said the person, who asked not to be identified because the discussions are private. Reuters reported on the relationship earlier Friday.