On Wednesday, in the course of current trade, Shares of LendingClub Corp (NYSE:LC), climbed 2.68%, and is now trading at $14.20.
Lending Club, declared that Sandeep Bhandari, Assistant Chief Credit Officer at Capital One Bank (Credit Risk Administration) and Venture Partner (Capital One Ventures), will join Lending Club as Chief Credit Officer on August 24.
Bhandari will assume responsibility for credit risk administration across all products, replacing in that capacity Lending Club Chief Risk Officer Chaomei Chen, who will be retiring at the end of this year.
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
During an Afternoon trade, Shares of Criteo SA (ADR) (NASDAQ:CRTO), climbed 5.57%, and is now trading at $47.94.
Criteo, declared its financial results for the second quarter ended June 30, 2015.
- Revenue in the second quarter 2015 raised 64% (or 51% at constant currency1) to EURO271 million, contrast with EURO165 million in the second quarter 2014.
- Revenue not taking into account Traffic Acquisition Costs, or Revenue ex-TAC, in the second quarter 2015 grew 65% (or 52% at constant currency) to EURO110 million, contrast with EURO67 million in the second quarter 2014.
- Net income in the second quarter 2015 raised to EURO4 million, contrast with EURO2 million in the second quarter 2014.
- Adjusted EBITDA for the second quarter 2015 was EURO22 million, an enhance of 64% (or 60% at constant currency), contrast with EURO13 million in the second quarter 2014.
- Cash flow from operating activities in the second quarter 2015 was EURO11 million, contrast with EURO11 million in the second quarter 2014.
Criteo S.A., a technology company, engages in the digital performance marketing in France and internationally. The company leverages granular data to engage and convert customers on behalf of its advertiser clients.
Finally, Axis Capital Holdings Limited (NYSE:AXS) , lost -1.45% Wednesday.
AXIS Capital Holdings Limited, declared that it has accepted a request from PartnerRe Ltd. (“PartnerRe”) (PRE) to terminate the amalgamation agreement with AXIS Capital. PartnerRe will pay AXIS Capital a $315 million fee to right away terminate the amalgamation agreement, which was originally reached by both companies on January 25, 2015. The special meeting of AXIS Capital shareholders, which was planned for August 7, 2015, has been cancelled.
Michael A. Butt, Chairman of the AXIS Capital Board of Directors, said, “Preceding to PartnerRe reaching out to us last December to talk about a combination of our companies, we were confident in ongoing with our strategy as a stand-alone company, building our three strong businesses incrementally. We will now proceed with that strategy, with strengthened resolve. We have been very conscious of our responsibilities to our shareholders throughout these negotiations and believe we have demonstrated prudence and financial discipline in our approach.”
AXIS Capital Holdings Limited, together with its auxiliaries, provides insurance and treaty reinsurance products Worldwide. The company operates through Insurance and Reinsurance segments.
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