LendingClub has reportedly hired Jefferies investment bank to help it find investors for loan funding, according to reports from late on Friday. The U.S. lender is said to be seeking to replenish investments after a recent probe into loan sales, which resulted in the resignation of its high profile CEO. Bloomberg reports that Jefferies will be working with a range of possible buyers of the debts. This comes after Citigroup reported last week that it had refused a request from Jefferies to support LendingClub. The platform itself has sought to calm investors’ fears, sending an email late last week assuring them about the viability of the company and its ongoing lending and servicing operations.
LendingClub has reportedly hired Jefferies investment bank to help it find investors for loan funding, according to reports from late on Friday. The US lender is said to be seeking to replenish investments after a recent probe into loan sales, which resulted in the resignation of its high profile CEO. Bloomberg reports that Jefferies will be working with a range of possible buyers of the debts. This comes after Citigroup reported last week that it had refused a request from Jefferies to support LendingClub. The platform itself has sought to calm investors’ fears, sending an email late last week assuring them about the viability of the company and its ongoing lending and servicing operations.