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By Bailey McCann Some investors aren’t waiting around for the performance of mass market lending to improve. Private equity firm Silver Lake and Japanese asset manager SoftBank Group were part of a group that this month agreed to invest $500 million in Social Finance, or SoFi, an online lender that started as a refinancer for student loans and is rapidly morphing into a private bank for Silicon Valley’s newest recruits... 

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By Brendan Ross After a period of rapid growth, the intense scrutiny now following marketplace lending was inevitable. But a path forward for this nascent industry to achieve long-term sustainability is clearer than you may think. Some critics of the industry, who are almost jubilant that their initial skepticism about marketplace lending may be proven right, are questioning the sector’s ability to mature and weather a sustained period of...

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By Peter Rudegeair Online lender LendingClub Corp. unveiled new responses to a slump in its business Tuesday, restricting investors from exiting from one of its funds and announcing job cuts totaling 12% of its workforce. The San Francisco company disclosed the changes, as well as new issues it has discovered related to its former chief executive, in regulatory filings and an investor letter reviewed by The Wall Street Journal. Separately...

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By Kevin Wack That Lending Club’s battered shares climbed on a day when the online lender reported a slew of bad news — including mass layoffs and sharply reduced growth projections — is partially a reflection of just how far its stock has fallen over the last 18 months. But investors also seem to be betting that Lending Club’s worst days are behind it. That seemed to be the message Lending Club executives were aiming to send...

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