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Author Topic: LC workforce reduction

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LC workforce reduction
OP: 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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LC workforce reduction
#1: April 22, 2020, 11:00:00 PM
The CNBC story got it wrong.

CNBC says
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LC workforce reduction
#2: 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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