WEEKLY COMMENT 18-08-2016
By Barry Edwards
As we enter the height of the holiday season, the flow of interesting items reduces a trickle. However, one article did capture my attention about further revelations of the activities of Lending Club, the American marketplace and peer-to-peer lender. You may remember that this company hit the headlines in May of this year when the chief executive had to resign over misdated loans being sold to Jeffries, a medium sized investment bank, and also he had failed to disclose a personal interest in an investment fund in which Lending Club was considering investing.