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P2P Lending / NFT Lending Forum

Lending Club Discussion => General Lending Club Discussion => Topic started by: Fred93 on April 22, 2020, 11:00:00 PM

Title: LC workforce reduction
Post by: Fred93 on April 22, 2020, 11:00:00 PM
On April 20, 2020, LC filed an 8K with SEC containing the following text...

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Title: LC workforce reduction
Post by: TravelingPennies on April 22, 2020, 11:00:00 PM
The CNBC story got it wrong.

CNBC says
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Title: LC workforce reduction
Post by: rawraw on May 08, 2020, 11:00:00 PM
One thing banks do in crisis is shrink assets. This keeps capital ratios strong. So I am not surprised they don't want to grow a bunch in consumer loans, but the drop is quite amazing
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