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May 18, 2016 12:00 am GMT
They also talked a big game. When SoFi raised a whopping $1 billion from Softbank last year, CEO Michael Cagney told Bloomberg: “I’m looking at over $1 trillion of market cap from the banks, and I think it’s all vulnerable. Fast forward to today, and it’s online lenders who suddenly look like sitting ducks. In an SEC filing yesterday, Lending Club, whichannounced… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tsJny78dtN8/
For online lenders, its suddenly touch-and-go
They also talked a big game. When SoFi raised a whopping $1 billion from Softbank last year, CEO Michael Cagney told Bloomberg: “I’m looking at over $1 trillion of market cap from the banks, and I think it’s all vulnerable. Fast forward to today, and it’s online lenders who suddenly look like sitting ducks. In an SEC filing yesterday, Lending Club, whichannounced… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/tsJny78dtN8/
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