Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

SmartBiz Is First Fintech to Become Bank Under Donald Trump [Yahoo! Finance Canada]

LendingClub Corporation (LC) 
Last lendingclub corporation earnings: 2/18 04:06 pm Check Earnings Report
US:NYSE Investor Relations: ir.lendingclub.com
Most Read from Bloomberg The Office of the Comptroller of the Currency and the Federal Reserve Bank of Chicago approved SmartBiz's acquisition of Northbrook, Illinois-based Centrust Bank NA, SmartBiz said in a statement Monday. It's the first time a fintech company has become a bank since 2021, during Trump's first term as president. It's been rare for a fintech to win regulatory approval to become a bank, with none receiving approval under President Joe Biden and only a few successfully obtaining charters before that. LendingClub Corp. and SoFi Technologies Inc. are among the few. The process of becoming a bank, either by buying an existing institution or applying for a new charter, can be time-consuming and expensive, but the benefits are alluring, including low-cost funding via insured deposits and closer ties with regulators to get ahead of any issues. “The main reason we're doing this is ultimately to serve small businesses really well that aren't being that well-served to Show less Read more
Impact Snapshot
Event Time:
LC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for LC alerts
Opt-in for
LC alerts

from News Quantified
Opt-in for
LC alerts

from News Quantified