At Embattled Lending Club, A Familiar Mix Of ‘Tone At The Top’ Troubles And Big Executive Bonuses

Lending Club splashed onto public markets in 2014 with a promise to bringing West Coast disruption to the old guard of New York consumer lending. But two weeks into a company crisis sparked by managerial misconduct, the online lender has diagnosed itself with a decidedly Wall Street malady: “tone at the top.”

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