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LendingClub IPO to Reward Silicon Valley

LendingClub, the largest U.S. provider of peer-to-peer loans announced plans Wednesday to raise $500 million in an IPO. Located in San Francisco, clear across the country from the nation’s money hub of Wall Street, Lending Club has gained popularity by focusing on a piece of the financial universe that the banking industry has long neglected: Consumer loans. http://recode.net/2014/08/27/lendingclub-ipo-to-reward-silicon-valley-approach-to-banking/ #tech

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