LendingClub and Morgan Stanley, A Tale of Two Bank Deals
PYMNTS
FEBRUARY 24, 2020
The stories come with significantly different price tags: $185 million and $13 billion. The low-hanging fruit is for LendingClub to hold 10 percent of originations on its balance sheet, which, in turn, should bring in $40 million of economic profit for every $1 billion of loans held on the balance sheet, the company said.
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