LENDINGCLUB today said it has hired industry veteran Thomas Casey as its chief financial officer. The scandal-struck US peer-to-peer platform lost its former CFO Carrie Dolan last month, following the high-profile resignation of founder Renaud Laplanche as chief executive on 9 May. NYSE-listed LendingClub has seen its share price halve this year, following a probe […]
The UK inflation rate remained unchanged at 0.6 per cent in August, according to official figures released today, despite the base rate cuts earlier that month and the weaker pound. This follows evidence from Hargreaves Lansdown that shows savers are searching for more attractive interest rates. The fund supermarket saw a 50 per cent increase […]
A NEW peer-to-peer loan will allow investors to gain up to 30 per cent tax relief while funding social enterprises. The specialist loan is being offered by Community Chest Business Loans, a social investment venture which was created by the founders of ThinCats. Loans will be made available to community development projects in order to […]
CROWDSTACKER, one of the only platforms currently authorised to offer the Innovative Finance ISA (IFISA), is now seeing half of its investment coming via the tax-free product, its chief executive has said. The company launched in June 2015, making it too late to receive interim permission from the Financial Conduct Authority, but ended up getting […]
CITY veteran Nicola Horlick has said that, despite 33 years investing in the stock market as one of the UK’s top fund managers, she thinks peer-to-peer (P2P) is a “less risky” way to boost your income. Horlick is founder and chief executive of Money & Co, a P2P lending firm that focuses on business loans […]
FINTECH is leading the way in the City by offering flexible working hours to attract and retain staff, according to new research today. 39 per cent of women are now able to work flexible hours in the City – up from 30 per cent last year – and 35 per cent of men, while 61 […]
A LEADING business group has wiped a whopping £43.8bn off its UK growth forecast up to the end of 2018, predicting that Brexit uncertainty will put the brakes on business investment. In its first economic forecast since the EU referendum, the British Chambers of Commerce (BCC) downgraded its UK GDP growth outlook from 2.2 per […]