What is the business model of Lending Club?
LendingClub IPO Means a Payday for Summers, Mack
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The transcript discusses the involvement of former Morgan Stanley CEO John Mack and others in Lending Club, a leading peer-to-peer lending platform. It highlights the potential financial gains from Lending Club's upcoming public offering, as reported by the Financial Times. Lending Club has facilitated over $6 billion in loans by connecting borrowers with lenders online. Both Summers and Mack are board members with equity in the company.
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What role do Summers and Mack play in Lending Club?
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