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The announcement that Chief Financial Officer Carrie Dolan was departing came as the company reported a second-quarter loss of $81.4 million, or 21 cents a share, on revenue of $103.4 million. That compared with a year-earlier loss of $4.1 million, or a penny a share.
LendingClub has spent much of the past three months trying to contain the fallout from the surprise ouster of former Chief Executive Renaud Laplanche in early May. The company’s board pushed out Mr. Laplanche after it found he failed to report details of a problematic sale of loans to an investment bank in addition to his personal stake in an outside investment fund.
http://www.wsj.com/articles/lendingclub-finance-chief-resigns-loss-widens-1470688403
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