LendingClub’s Quarterly Loss Widens; CFO Dolan Steps Down

August 8, 2016 8:40 PM

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LendingClub Corp.’s loss widened to $81.4 million in the second quarter as the online loan venture sought to contain damage from a surprise leadership shakeup in May. On Monday, it announced the departure of its finance chief and bolstered its board.

The net loss compared with $4.1 million a year earlier, according to a statement from the San Francisco-based company. Loan originations rose 2 percent to $1.96 billion.

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