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Author Topic: Who might buy LC?

W

WES

  • Posts: 34
Who might buy LC?
OP: November 14, 2014, 12:00:00 AM
https://www.pehub.com/2014/11/lendingclub-with-plans-to-go-public-also-seeks-a-buyer/

Peter's blog today guesses that Facebook may be a plausible buyer given their history with LC. Who else would fit and why:
  • WalMart: expand their foray into consumer banking services

  • Amazon: internet expertise and lots of cash
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T
  • Posts: 5
Who might buy LC?
#1: November 14, 2014, 12:00:00 AM
Wells Fargo, Facebook or Google come to mind. 

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F
  • Posts: 282
Who might buy LC?
#2: November 14, 2014, 12:00:00 AM
I do wish credit-card issuer banks (Bank of America, JP Morgan, Capital One, ...) won't buy LC.  They will just kill it in favor of their credit-card business.
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G

GS

  • Posts: 87
Who might buy LC?
#3: November 14, 2014, 12:00:00 AM
What about something like eTrade ... I think it would do wonders for both companies, assuming there is not not regulatory reason why they can't merge.
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j
  • Posts: 41
Who might buy LC?
#4: November 15, 2014, 12:00:00 AM
I think on of the bis issuers of CCs (cap one, BofA, Citi) would make the most sense.  They understand consumer credit, have the ability to securitize debt and could justify as both a defensive and offensive play to their boards.

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a
  • Posts: 52
Who might buy LC?
#5: November 15, 2014, 12:00:00 AM
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T
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r
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Who might buy LC?
#7: November 15, 2014, 12:00:00 AM
For every person getting out of CC debt, I'm sure there is another getting into debt.  It's not as if these loans didn't exist before LC.
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