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WTF is going on at LendingClub?

Wowsers, it's been a nasty week for online finance. LendingClub's founder and CEO are out after some
May 15 · Issue #32 · View online
Tearsheet Weekly Newsletter
Wowsers, it’s been a nasty week for online finance. LendingClub’s founder and CEO are out after some disturbing revelations and its stock was pummeled. It’s a broader story than just what’s happening at the largest marketplace lender – investors are questioning the viability of standalone fintech companies targeting consumers.
– Zack Miller, Editor-in-Chief, Tradestreaming

The Incumbents
What’s the fuss about LendingClub?
Wells Fargo launches ‘fast-decision’ online loans for small businesses
Jamie Dimon wants to protect you from innovative startups
How Charles Schwab fought back against roboadvisors
Why it’ll be Visa and MasterCard – not tech start-ups – that truly disrupt banking
Big banks fighting fintech by surging patent applications
Nasdaq's President and COO: 'We're really a fintech company'
The Startups: Who's shaking things up
How DailyWorth turned a newsletter into a roboadvisor for women
List of the best new financial apps, 2016
Inside Palantir, Silicon Valley's most secretive company
Startups raising/Investors investing
Indian online lending platform Capital Float picks up $25m
Citadel moves on Automated Trading Desk
Tools of the trade
Book review: Don Tapscott's Blockchain Revolution
Bloomberg Tradebook's ETF RFQ service sees volumes triple as demand for block liquidity grows
Google bans payday loan ads
Marketing, data, and user behavior
Even robust online retirement tools are fraught with "irregularities"
Ken Griffin: The secret to attracting top hedge fund talent
New financial products
Former Citigroup CFO Sallie Krawcheck launches Ellevest, a digital investment platform for women
What we're reading
Fintech needs to expand the club by creating secondary markets
Are newspapers biased towards banks? Evidence from Italy
Stay connected to Tradestreaming
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