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Zainab Ahmed disclosed that Nigerian's economy is expected to record negative growth as it goes into recession due to the pandemic and crash in oil prices.
Q1 2020 LendingClub Corp Earnings Call
The upstarts enjoyed rapid growth during the long economic expansion. Now they are on the ropes.

How COVID-19 Is Changing Credit Card Marketing

11:54am, Thursday, 14'th May 2020
Card programs must keep current cardholders active and happy, even as they sharpen their credit evaluations to control rising risk.
The Pandemic Anti-Monopoly Act proposed by two lawmakers might not be the best move during the pandemic, according to the top antitrust official at the DOJ.
The COVID-19 pandemic has brought to a head the importance of a digital economy. In this context, competition is set to accelerate in the fintech sector as the digital shift will make stakeholders fig

Fintech investment drops due to COVID-19

08:48am, Tuesday, 12'th May 2020
The global coronavirus pandemic has destabilised private capital markets and led to a drop in fintech funding, according to CB Insights In its latest State of Fintech Q1 ‘20 report, CB Insights exam
San Francisco has earned a bit of a bad rap the past couple of years. Questionable leadership has led long-time inhabitants to complain about the rising level of crime and the increasing squalor of th
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the c
Thanks to the devastating effect the pandemic is having on personal finances, it may now be open season for fintechs.
As tensions escalate between China and the US, some investors are looking for alternative investments to offset bearish trends. Markets have yet to recover from the fallout of...
Lower investor demand resulted in a tough first quarter for LendingClub (NYSE: LC), which reported a roughly $48 million net loss in the quarter. Loan originations decreased 8% on an annualized basis
As Q1 earnings figures roll in, the reports illustrate mathematically what the before and after of the global pandemic has looked like.

LendingClub: Nothing But Red Flags

01:15pm, Thursday, 07'th May 2020
Shares of LendingClub tumbled after the company reported Q1 earnings results, missing widely on both revenue and EPS. Originations volumes swung negative, and t
Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Ashland Global Holdings, Lyft and Solaredge Technologies, on Thursday. HIG
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