renaud laplanche

LendingClub Corp (NYSE: LC), an online marketplace that connects borrowers and investors, has seen its share of controversy over the years. After a management shuffle which saw the ouster of ex-CEO Renaud Laplanche, investors will be looking for further signs of progress in the company's third-...

LendingClub Corp (NYSE: LC) was upgraded by Oppenheimer Thursday on “compelling” risk/reward levels. The online peer-to-peer marketplace is creating a stickier investor base with a higher bank and retail mix and utilizing a $760 million balance sheet to grow its securitization channel,...

The Wall Street Journal reported on Thursday that Goldman Sachs Group Inc (NYSE: GS)'s online consumer-lending platform, named Marcus, is now live. Marcus was introduced to the public for the first time on Thursday and connects regular folks with the major Wall Street bank. By loaning directly to...

2016 has been a great year for many executives who found greener pasture at other organizations. For others, their careers took a step back as they were ousted from their jobs. Here is a look back at some of the notable executives who cleaned out their desk drawers in 2016, the most recent and...

LendingClub Corp (NYSE: LC) has been plagued with what seems like a never-ending stream of bad news reports. Back in May, LendingClub's CEO Renaud Laplanche was ousted following an interview review by the board of directors that may have found wrongdoing in the sale of $22 million of new prime...

An $800 million LendingClub Corp (NYSE: LC) fund that invests in the company’s online consumer loans is expected to report its first monthly loss in the past 64 months in June. According to a letter to investors from LendingClub CEO Scott Sanborn, LendingClub’s Broad Based Consumer...

One of the most hard-hit stocks over the past few months has been LendingClub Corp (NYSE: LC) after the company saw its CEO Renaud Laplanche resign in May. LendingClub's board of directors oversaw an internal review of $22 million in sales of near-prime loans that Laplanche conducted. LendingClub's...

Quite recently, LendingClub Corp (NYSE: LC)’s CEO was forced to resign over allegations that he had misplaced the sale of loans. However, malaise is not over for the online lender. Last Wednesday, the company issued a downward revision of a previously released weekly loan sales figure,...

Skullcandy Inc. (NASDAQ: SKUL) was up 23.92 percent after Richard Alden, Skullcandy founder and managing director, was considering an acquisition of "some or all of the shares of Issuer's Common Stock or otherwise pursue a going private transaction," according to 13d filing Tuesday. Lendingclub...

Macquarie initiated LendingClub Corp (NYSE: LC) with a Neutral rating and $5.15 price target amid limited visibility and timing challenges. CEO Resignation Leaves Bitter Taste "For a 'pure-play' marketplace like LC, investor trust is particularly paramount," Macquarie analyst Tom White stated. But...

Shares of LendingClub Corp (NYSE: LC) were trading lower by 12 percent early Tuesday morning, essentially erasing Monday's 12 percent gain after the company confirmed in a regulatory filing that it received a grand jury subpoena from the U.S. Department of Justice. LendingClub dominated...

Shares of LendingClub Corp (NYSE: LC) were trading down more than 27 percent on Monday, following the announcement of the resignation of the company’s CEO and Chairman, Renaud Laplanche. The departure, along with two other senior executives, came after news about the company having...

LendingClub Corp (NYSE: LC) surprised the Street on Tuesday by not only reporting better-than-expected second-quarter numbers, but also upping its revenue guidance for the full year to $405–$409 million from $385–$392 million and adjusted EBITDA to $49–$53 million from $40–$...