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Who might buy LC?

Started by Peter, November 13, 2014, 11:00:00 PM

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WES

https://www.pehub.com/2014/11/lendingclub-with-plans-to-go-public-also-seeks-a-buyer/" class="bbc_link" target="_blank">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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Theta

Wells Fargo, Facebook or Google come to mind. 


Fred

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.

GS

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.

jpildis

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.



TravelingPennies


rawraw

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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