According to the Wall Street Journal last night , J.P. Morgan Chase & Co. has agreed to acquire nearly $ 1bn in personal loans arranged by consumers . J.P. Morgan Chase & Co. has agreed to acquire nearly $1 billion worth of personal loans arranged by LendingClub Corp., according to people familiar with the deal. The portfolio , worth just over $ 900 million , is comprised of loans to consumers with high credit ratings and was sold for a premium to the outstanding balance on the loans . The WSJ report suggests that the sale is being closely watched by financial analysts as an indicator of the health of the market for online personal loans .
According to the Wall Street Journal last night , J.P. Morgan Chase & Co. has agreed to acquire nearly $ 1bn in personal loans arranged by consumers . The portfolio , worth just over $ 900 million , is comprised of loans to consumers with high credit ratings and was sold for a premium to the outstanding balance on the loans . The WSJ report suggests that the sale is being closely watched by financial analysts as an indicator of the health of the market for online personal loans .