Citigroup declined to back Lending Club

摘要

Citigroup told US regulators it was not willing to support troubled Lending Club after the marketplace lender's CEO stepped down following a botched sale of loans. In a May 12 memo seen by IFR, Citigroup said it had declined a request from investment bank Jefferies to back Lending Club after CEO Renaud Laplanche resigned three days earlier. "Jefferies has requested that Citi be supportive of Lending Club in order to calm the markets," said the memo, which further said the bank was temporarily freezing exposure to online lenders. "While Citi believes that overall due diligence and lending quality of Lending Club is good, it is ... investigating the situation and is not yet prepared to do this," it said.