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Lending Club Announces New CEO, Workforce Reduction Plans

Lending Club higher ahead of annual meeting as it cuts jobs (Seeking Alpha) One of the most hard-hit stocks over the past few months has been LendingClub Corp (NYSE: LC ) after the company saw its CEO Renaud Laplanche resign in May. LendingClub's board of directors oversaw an internal review of $22 million in sales of near-prime loans that Laplanche conducted...

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