One default, many defaults, a whole flood of defaults. Synchrony Financial issued a warning about chargeoff rates it sees in its own portfolio, with a...
The movement by Lending Club to obtain financing in order to help shore up capital appears to be gaining traction. As reported by The Wall...
Prosper Marketplace is in the midst of exploring strategic options, having hired investment banks JPMorgan and Financial Technology Partners and having disclosed it is considering...
Against a troubled landscape, one online lender, Prosper Marketplace, is boosting rates that it charges to risky borrowers, a move The Wall Street Journal said was geared...
Will the relief rally in the financial sector continue? With the most recent results posted by Discover Financial Services and the stock up 4 percent...
Bondholders just gave online lending a big thumbs down as they reportedly only bought in once yields on a portfolio of Prosper loans were jacked...
When the legal system makes your business model a shaky one, change the model. That’s a shift online lender Lending Club is mulling over —...
Discover saw its stock get slammed on Wednesday (Jan. 27) amid an earnings report that saw top line performance in line with estimates but with...
WeLab, a Hong Kong-based FinTech startup, has raised $160 million in its Series B round to further expand its roots in the Chinese market with the...