The Daily Dig for Tuesday, Oct. 7

Lending Club adds experience in advance of IPO

Lending Club continues to make strategic hires in advance of their IPO.  Banking industry veteran Richard Neiman is charged with regulatory and government affairs.  JD Alois has more.

UK P2P totals top £2 billion

AltFi tracks the UK P2P industry.  Their latest chart illustrates the exponential growth across the pond.

Funding Circle growing larger

The UK P2P’s revenue nearly tripled while losses held steady.  Not a bad showing for a company trying to make its way in the US, says Oscar Williams-Grut.

Controversial ex-Barclays CEO banks on Africa’s unbanked to return him to glory

Former Barclays CEO Bob Diamond’s new company just spent just north of a quarter billion dollars to buy an African bank so they can gain a foothold with which to pursue the millions of unbanked Africans.  Kevin Mwanza explains.

Former federal Goldman watchdog told to slow down

Carmen Segarra was hired by the Fed to make sure Goldman Sachs did not do their part to create another recession.  Then her bosses told her to slow down and play ball, which raised questions about whether or not many at the Fed even want to face off against the big banks.  Brian Murphy has more.

Bitcoin crowdfunding?

What happens when two alternative financial concepts combine?  Kyle Torpey considers the possibilities.

 

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