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LendingClub to buy $1 billion loan book from MUFG's parent company - Vimarsana News

LendingClub to buy $1 billion loan book from MUFG's parent company

Published: December 3, 2022

The portfolio purchase, which follows the sale of MUFG Union Bank to U.S. Bancorp, represents about 32% of LendingClub's own personal loan portfolio. It should help boost the online lender's growth while using some of its excess capital.

Source: americanbanker.com

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Why BM Technologies is buying a bank instead of partnering with one - Vimarsana News

Why BM Technologies is buying a bank instead of partnering with one

Published: December 7, 2021

By acquiring First Sound Bank in Seattle, the fintech would control the strategic direction of the combined company and won't have to share revenue, CEO Luvleen Sidhu says.

Source: americanbanker.com

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