LendingClub's turnaround hinges on repackaging consumer loans to win back big investors, and we talked to the former Morgan Stanley exec driving the effort

Valerie Kay led Morgan Stanley's asset-backed securities group during the financial crisis. At LendingClub, she's launched structured products for larger investors.

December 06, 2019   |   View Online »

LendingClub's turnaround hinges on repackaging consumer loans to win back big investors, and we talked to the former Morgan Stanley exec driving the effort Shannen Balogh | Valerie Kay led Morgan Stanley's asset-backed securities group during the financial crisis. At LendingClub, she's launched structured products for larger investors. Read More »

Alternative data blew up thanks to desperate hedge funds looking to get an edge. Next year, the booming space could attract more mainstream investors. Bradley Saacks | It won't just be hedge funds scouring data like foot traffic and credit-card data, one platform thinks, and that could erode the data's usefulness. Read More »

Here's the pitch deck e-commerce startup Honey used to raise early funding a few years before PayPal acquired it for $4 billion in cash Melia Russell | Honey, which PayPal just bought for $4 billion, faced rejection from investors for 2 years before raising a seed round. Read More »

Leaked memo reveals that $800 million investment startup eToro is launching a debit card to take on Europe's challenger banks Callum Burroughs | London-based eToro allows users to invest in a number of asset classes and will let users withdraw and pay for products and services from their eToro wallet. Read More »

In leaked recording of internal meeting, Jeff Bezos and Amazon's top execs respond to employee questions about some of the company's biggest challenges Eugene Kim | In an all-hands meeting last month, Amazon CEO Jeff Bezos and his top executives answered a list of employee questions about the company. Read More »

Here's the presentation Google gives employees on how to spot unconscious bias at work Richard Feloni,Sherin Shibu | More than half of Google's roughly 60,000 employees have voluntarily gone through this training. Here's the training slide deck. Read More »

'A lot of people don't need to pay back their debt': A student-loan expert explains why popular repayment advice is false — and shares how to save up to 50% on interest payments Christopher Competiello | Travis Hornsby, the founder and CEO of Student Loan Planner, views student-loan repayment differently than most. Read More »

The $800 billion shadow-lending industry is staffing up with recession pros who can sort out messy credit meltdowns Alex Morrell | Weathered experts who've made it out of the trenches through the last downturn are scarce, and their price tag is getting more expensive. Read More »

The first digital chief at $210 billion drugmaker Pfizer shares her top 5 priorities for using technology to transform the pharma giant Lydia Ramsey | Lidia Fonseca, Pfizer's first chief digital officer, is bringing technology to bear across the pharma giant, from the supply chain to drug discovery. Read More »

Read the full transcript of Amazon CEO Jeff Bezos and his top executive team's leaked responses to employee questions from its internal all-hands meeting Eugene Kim | Amazon's CEO Jeff Bezos and his most senior executives answered questions from employees who seem worried about the challenges facing the company. Read More »

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