Remove 2008 Remove Origination Remove Returns
article thumbnail

LendingClub Q3 Loan Volume Snaps Back 80 Pct

PYMNTS

The company also said it expects to see continued strong demand for loans, forecasting a $250 million to $300 million increase in Q4 originations. Management said it is encouraged by the fact that today’s household balance sheets compare favorably to the 2008 recession year. All in, LendingClub reported a Q3 net loss of $34.3

Volume 111
article thumbnail

Eric Satz, Founder and CEO of Alto?—?Expanding access to alternative investments

Wharton Fintech

But someone asked him a question about public equity returns over the last 15 years and where he thinks public equity returns may be over the next 15 years. What we expect is maybe 0% return. Supplementary to its original platform, Alto launched its CryptoIRA in 2020 to facilitate tax-advantaged crypto trading.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Streaming Bellwether Netflix Shows Drama Of COVID-Era Subscription Economy

PYMNTS

And while early Amazon efforts, Apple TV, Hulu and the first Roku devices all debuted in 2008, and though Netflix became the Blockbuster Video of streaming TV for a good many years after that, the party might finally be over. Same for other popular series, which are all slowly returning to the networks and studios from whence they originated.

Economy 70
article thumbnail

Fintech Review: A Guide

Fintech Review

Its a recap of the key themes weve explored, a primer for new readers, and a cornerstone reference for those returning. A Brief History of Fintech The origins of fintech can be traced back to the 1960s. The real explosion, however, began after the 2008 global financial crisis. This guide brings it all together.

FinTech 52
article thumbnail

Prosecutors: Former Barclays Execs Lied, Hid Qatari Fundraising Fees

PYMNTS

Three former Barclays executives are facing a retrial and accused of participating in a “dishonest mechanism” to pay Qatar extra fees in exchange for emergency fundraising to avoid a bank bailout during the financial crisis in 2008. s Serious Fraud Office (SFO) also originally charged the bank itself, but those charges were jettisoned. .

article thumbnail

Top 10 Banking Trends that Will Define the Sector in 2024

Fintech News

Banks hold less than 50 percent of financial assets, and the share of non-bank mortgage origination has surged. Regulation recalibrated The banking industry has grappled with an ever-expanding volume of regulations since the 2008/9 Financial Crisis.

AI 117
article thumbnail

LendingClub Settles With SEC, DOJ

PYMNTS

LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns. Investors have returned to the platform in larger numbers, but loan volume and revenue have seen sluggish growth until very recently. The DOJ Finding. Those effects, however, were short-lived.

P2P 54