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. More immediately, the deal would give LendingClub a cheaper funding source for its loan business — last year, the company originated more than $12.3 billion worth of loans. billion in assets in its own operational book.
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