California's Union Bank has become the latest commercial bank to join forces with an online peer-to-peer loan approval site by entering a strategic alliance with Lending Club.
I suspect that this is yet another wannabe bank killer trying to stay afloat by pivoting itself into a banking agent. I remember that the charter of one of these self-proclaimed disruptors had originally forbidden banks from taking the other side of loans
initiated on their P2P lending platforms. Reality strikes hard now.
Commensurate with the status and importance of thi...London based with substantial international travel
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