For online lenders, it’s suddenly touch-and-go

They also talked a big game. When SoFi raised a whopping $1 billion from Softbank last year, CEO Michael Cagney told Bloomberg: “I’m looking at over $1 trillion of market cap from the banks, and I think it’s all vulnerable. Fast forward to today, and it’s online lenders who suddenly look like sitting ducks. In an SEC filing yesterday, Lending Club, which announced… Read More

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For online lenders, it’s suddenly touch-and-go