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MAY 09, 2016 - New York Post

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Shares crash after Lending Club ousts CEO

Lending Club, the online mortgage and loan provider, pushed out its Chief Executive and Chairman Renaud Laplanche after an internal review revealed the company sold $22 million in non-conforming loans to a single investor against instructions. The ouster, coupled with disappointing first quarter results, sent shares of the San Francisco company — already down about...

Tags: Shares crash after Lending Club ousts CEO,  Mortgage Loans Latest News

MAY 09, 2016 - Zero Hedge

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US Futures, Europe Stocks Jump On Oil, USDJPY Surge; Ignore Poor China Data, Iron Ore Plunge

The overnight session has been one of alternative weakness and strength: it started in China where stocks tumbled 2.8% to a two month low following an unexpected warning in the official People's Daily mouthpiece that debt and NPLs are too high, not to expect more easing will come, and that the Chinese Economy’s performance won’t be U- or V-shaped but ...

Tags: US Futures, Europe Stocks Jump On Oil, USDJPY Surge; Ignore Poor China Data, Iron Ore Plunge,  Mortgage Loans Latest News

MAY 05, 2016 - Zero Hedge

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Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman

In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs. Trump announced that heading up his own personal fundraising operation ...

Tags: Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman,  Mortgage Loans Latest News

MAY 05, 2016 - Zero Hedge

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Futures Rebound As Crude Regains $45 On Canada Fears; Turkey Hammered

While markets remain relatively subdued ahead of tomorrow's nonfarm payrolls report, after several days of losses in US stocks, which have taken "sell in May" to heart and pushed the S&P500 to three week lows, overnight markets ignored the latest weak data out of China where the Caixin Services PMI was the latest indicator to disappoint (dropping from 52.2 to ...

Tags: Futures Rebound As Crude Regains $45 On Canada Fears; Turkey Hammered,  Mortgage Loans Latest News