LendingClub (LC) said in a regulatory filing that its relationship with SVB (SIVB) is limited to funds on deposit of $21M, which amount is not material to the company’s liquidity position or capital levels, and does not pose a risk to the company’s ongoing business or operations. The recovery of the funds will be subject to the FDIC process.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on LC: