August 7, 2018 / 8:18 PM / 4 months ago

LendingClub reports bigger loss as costs rise

Aug 7 (Reuters) - LendingClub Corp on Tuesday reported a bigger loss in the second quarter, as its operating costs rose about 44 percent.

The San Francisco-based online lender’s net loss widened to $60.9 million or 14 cents per share in the three months ended June 30, from $25.5 million or 6 cents per share a year earlier. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Sai Sachin Ravikumar)

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