They also talked a big game. When SoFi raised a whopping $1 billion from Softbank last year, CEO Michael Cagney told Bloomberg: "I'm looking at over $1 trillion of market cap from the banks, and I think it's all vulnerable. Fast forward to today, and it's online lenders who suddenly look like sitting ducks. In an SEC filing yesterday, Lending Club, which announced… Read More
Source: TechCrunch