LendingClub CEO, Renaud Laplanche joins TheStreet's Janet Al-Saad Alvarez in an exclusive interview to announce a new partnership with Citi focused on community lending for low and moderate-income families. This is the latest in a series of partnerships designed to help increase the company's depth and reach in the industry.The company expects to generate over $7.6 billion in new loans this year, surpassing its 2014 $4.4 billion origination record. As the first online lender to IPO and the industry's largest player, all eyes have been on LendingClub's stock performance post-IPO. Its shares have suffered after offering forward guidance below street expectations.
More from Video
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money Video Wrap: Apple Rallies as Services Segment Takes Center Stage
There is a lot of Apple news to chew on Wednesday.
Are Algos Jumping on J&J Headlines?
Are machines jumping on Johnson & Johnson's human risk headlines?
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.