P2P Bubble Bursts? LendingClub Stock Plummets 25% After CEO Resigns On Internal Loan Review
Back in February we showed that it is not only China which is troubled by non-performing loans: America's own nascent private Peer 2 Peer industry was having very similar issues, evident most notably in the books of category "leader" LendingClub, whose write-offs had soared to nearly double the company's own forecasts.