LC

LendingClub Bank Crosses $1 Billion Personal Loans Sold Through Its Structured Loan Certificates Program

Retrieved on: 
Thursday, November 9, 2023
NYSE, LendingClub, LC, J.P. Morgan & Co., Davidson Kempner Capital Management, Security (finance), Bank

SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program ("SLCLC Program"). The company anticipates approximately $2 billion dollars of loan volume through the SLCLC Program over the next 6 months as it continues to scale. 

Key Points: 
  • Davidson Kempner Capital Management LP, Atalaya Capital Management, Nelnet, Inc. and Värde Partners Join Growing list of Marketplace Loan Investors Seeking Competitive Yield
    SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program ("SLCLC Program").
  • LendingClub's Structured Loan Certificates Program is a two-tranche private securitization in which LendingClub retains the senior note and sells the residual certificate on a pool of loans to a marketplace investor at a predetermined price, effectively providing built-in financing.
  • This structure, developed by LendingClub and enabled by its marketplace bank model, delivers a transaction that benefits both marketplace investors and LendingClub.
  • "The Structured Loan Certificates program provides us both efficient leverage and scalable access to personal loans from a provider of choice in the asset class.

Al Hassan Ghazi Ibrahim Shaker Co. extends its growth trajectory into Q3-FY23, achieving a 75.8% YoY increase in net profit reaching SAR 61.43 million year to date

Retrieved on: 
Thursday, November 2, 2023
Yoy, Conditional sentence, Growth, EPS, Partnership, SAP, SIBOR, LC, HVAC, SAR, Home appliance, Retail, Shaker, Q3, Kingdom

Revenues in 9M-FY23 of SAR 976.68 million, up by 18.07% year-on-year (YoY) driven by growth in the HVAC solutions and Home Appliances segments of 20.03% and 14.77% respectively.

Key Points: 
  • Revenues in 9M-FY23 of SAR 976.68 million, up by 18.07% year-on-year (YoY) driven by growth in the HVAC solutions and Home Appliances segments of 20.03% and 14.77% respectively.
  • Gross profit of SAR 242.70 million, up 31.64% YoY, attributed to higher revenues and improved margins through an enhanced portfolio mix, pushing gross profit margin from 22.29% to 24.85%.
  • Operating income registered a significant increase of 76.64% YoY to reach SAR 67.52 million.
  • Net profit of SAR 61.43 million, up 75.83% YoY, driven by higher revenue and operating profit, along with an 87.28% increase in share of profit from the LG-Shaker HVAC factory, which offset the higher finance costs.

Al Hassan Ghazi Ibrahim Shaker Co. extends its growth trajectory into Q3-FY23, achieving a 75.8% YoY increase in net profit reaching SAR 61.43 million year to date

Retrieved on: 
Thursday, November 2, 2023
Yoy, Conditional sentence, Growth, EPS, Partnership, SAP, SIBOR, LC, HVAC, SAR, Home appliance, Retail, Shaker, Q3, Kingdom

Revenues in 9M-FY23 of SAR 976.68 million, up by 18.07% year-on-year (YoY) driven by growth in the HVAC solutions and Home Appliances segments of 20.03% and 14.77% respectively.

Key Points: 
  • Revenues in 9M-FY23 of SAR 976.68 million, up by 18.07% year-on-year (YoY) driven by growth in the HVAC solutions and Home Appliances segments of 20.03% and 14.77% respectively.
  • Gross profit of SAR 242.70 million, up 31.64% YoY, attributed to higher revenues and improved margins through an enhanced portfolio mix, pushing gross profit margin from 22.29% to 24.85%.
  • Operating income registered a significant increase of 76.64% YoY to reach SAR 67.52 million.
  • Net profit of SAR 61.43 million, up 75.83% YoY, driven by higher revenue and operating profit, along with an 87.28% increase in share of profit from the LG-Shaker HVAC factory, which offset the higher finance costs.

Consumers Deplete an Average of 67% of All Available Savings Once Every Four Years

Retrieved on: 
Monday, October 30, 2023
Female, Federal Reserve Bank of St. Louis, Marriage, Gen, Ageing, NYSE, Generation Z, Pressure, Bureau of Labor Statistics, Federal Reserve, Motivation, Bureau, Research, Federal, Growth, Partnership, LendingClub, LC, Travel, Intelligence, The New Reality, Unemployment, Reality Check, Government, SAN, Pension fund, Bank, Insurance, Retail

SAN FRANCISCO, Oct. 30, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released key findings from the 27th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS Intelligence. The Savings Deep Dive Edition examines consumers' ability to preserve their savings in the current economic environment, especially when faced with major expenditures. This edition draws on insights from a survey of 3,648 U.S. consumers conducted from Sept. 5 to Sept. 20 and an analysis of other economic data.

Key Points: 
  • The Savings Deep Dive Edition examines consumers' ability to preserve their savings in the current economic environment, especially when faced with major expenditures.
  • Aggregate consumer savings amounted to an average of $11,000 per consumer in September 2023, roughly unchanged from a year ago.
  • These depletions occur on average every four years and use 67% of the average consumer's available savings, with Gen Z emptying 70% of their savings as often as every two years.
  • Consumers disclose that financial contingencies, such as debt accumulation (15%) and investment losses (15%), also cause them to deplete their savings.

SiteWorx Software Employees Acquire Ownership and Control of Company

Retrieved on: 
Monday, October 23, 2023
Kinetics, Education, InterWorx, 3.0, Commercial Operating System, Application, Signify N.V., LED, LC, Winchester, Zigbee, Northeastern University, Management, Engineering, Science, Software

BOSTON, Oct. 23, 2023 (GLOBE NEWSWIRE) -- SiteWorx Software USA is excited to announce that a core group of employees have acquired majority ownership and operating control of the business after a successful restructuring by Guy Peckham’s investment group.

Key Points: 
  • BOSTON, Oct. 23, 2023 (GLOBE NEWSWIRE) -- SiteWorx Software USA is excited to announce that a core group of employees have acquired majority ownership and operating control of the business after a successful restructuring by Guy Peckham’s investment group.
  • SiteWorx Software will now operate exclusively out of the United States, with the support of all existing employees around the world.
  • After leading the software teams at Color Kinetics and then Digital Lumens, the top leadership role at SiteWorx Software is a logical next step.
  • SiteWorx delivers industry-leading control and monitoring functionalities, and SiteWorx Software is excited to cement this reputation in the broader market.

LendingClub Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023
Held, SAN, Investment, Growth, FDIC, Total, EPS, GAAP, NYSE, LendingClub, LC, Cryptocurrency, Bank, Video game

SAN FRANCISCO, Oct. 25, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SAN FRANCISCO, Oct. 25, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter ended September 30, 2023.
  • Total assets of $8.5 billion compared to $8.3 billion in the prior quarter, primarily reflecting growth in securities related to the structured certificate program.
  • Deposits of $7.0 billion compared to $6.8 billion in the prior quarter, primarily due to an increase in customer certificates of deposit.
  • Efficiency ratio improved to 63.7% compared to 65.0% in the prior quarter, driven by lower non-interest expense.

Young Living Essential Oils Selected as a 2023 Green Business Award Honoree

Retrieved on: 
Monday, October 23, 2023
Utah Division, Headquarters, Green company, PacifiCorp, Biodiversity, Beauty, Food, The Nature Conservancy, Health, Farm, Nevada Department of Wildlife, Fox 13, Seed bank, LEHI, Deer, Young Living, Partnership, Distillation, Smith's Food and Drug, Tabiona, Utah, LC, Business, Global Green USA, Seed, Business analyst, The Green Building, Utah Division of Wildlife Resources, Longevity, Hunting, Tourism, Agriculture, Green

LEHI, Utah, Oct. 23, 2023 /PRNewswire-PRWeb/ -- Leading essential oils and essential oils-infused products company, Young Living Essential Oils, has been selected as one of the honorees for the 2023 Green Business Award by Utah Business magazine and Rocky Mountain Power in the Corporate Initiative category. The recognition results from the company's ongoing conservation efforts and dedication to protecting wildlife, as well as its commitment to prioritizing environmental sustainability and ecological balance.

Key Points: 
  • Young Living Essential Oils, LC, has been selected as an honoree for the 2023 Green Business Award by Utah Business magazine and Rocky Mountain Power for its environmental initiatives and commitment to conservancy across the Beehive State.
  • LEHI, Utah, Oct. 23, 2023 /PRNewswire-PRWeb/ -- Leading essential oils and essential oils-infused products company, Young Living Essential Oils, has been selected as one of the honorees for the 2023 Green Business Award by Utah Business magazine and Rocky Mountain Power in the Corporate Initiative category.
  • The Green Business Awards are an annual event organized by Utah Business to honor environmentally friendly companies across the state.
  • Young Living has previously earned Utah Business' Green Business Awards in the Waste and Recycling category in 2020 and in the Green Building category in 2019.

ProLabs to Showcase OpenZR+ and Fiber Connectivity Solutions at SCTE Cable-Tec Expo 2023

Retrieved on: 
Monday, October 16, 2023
DWDM, MPO, ARIA, LC, HDM, MSA, Temperature, QSFP, Colorado Convention Center, MDX, Microducts, SCTE, Bidirectional text, Internet service provider, Video game, Printed circuit board

ProLabs offers service provider networks solutions to the challenges of reducing bottlenecks throughout the network—from the core to the access network.

Key Points: 
  • ProLabs offers service provider networks solutions to the challenges of reducing bottlenecks throughout the network—from the core to the access network.
  • At Cable-Tec Expo 2023, ProLabs will showcase its latest advancements to support this evolution to faster, further fiber communications:
    OpenZR+—ProLabs has a complete complement of OpenZR+ coherent 400G pluggable transceivers that increase capacity over long-haul and metro networks directly from an Ethernet host.
  • Fiber Connectivity—ProLabs' line of ARIA fiber connectivity solutions features products that support greater densities for growing fiber connections in the data center as well as the outside plant.
  • Visit ProLabs in booth 1207 at Cable-Tec Expo 2023 to see the latest innovations.

Keysight, Synopsys, and Ansys Accelerate RFIC Semiconductor Design with New Reference Flow for TSMC’s Advanced 4nm RF FinFET Process

Retrieved on: 
Wednesday, September 27, 2023
Electronic Design Automation, Semiconductor, IOT (Internet of Things), Technology, Networks, Hardware, Partnership, CUI, LC, EM, Fort Dix, Goldengate, RFIC, SNPS, Risk, Sign-on and sign-off, Fin field-effect transistor, TSMC, Physics, Environment, NYSE, PathWave Design, Video game, Electronics, Ansys, Synopsys, RF

Keysight Technologies, Inc. (NYSE: KEYS), Synopsys, Inc. (Nasdaq: SNPS), and Ansys (Nasdaq: ANSS) announced a new reference flow for the TSMC N4PRF, the world’s leading semiconductor foundry’s advanced 4 nanometer (nm) radio frequency (RF) FinFET process technology.

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS), Synopsys, Inc. (Nasdaq: SNPS), and Ansys (Nasdaq: ANSS) announced a new reference flow for the TSMC N4PRF, the world’s leading semiconductor foundry’s advanced 4 nanometer (nm) radio frequency (RF) FinFET process technology.
  • The reference flow is based on the Synopsys Custom Design Family, which provides a complete RF design solution for customers seeking an open RF design environment with higher predictive accuracy and productivity.
  • Design complexity of RF integrated circuits used for wireless data transmission such as transceivers and RF front-end components continues to grow.
  • PathWave RFIC design (GoldenGate) supports harmonic balance simulation in early chip design and verification process.

Keysight, Synopsys, and Ansys Accelerate RFIC Semiconductor Design with New Reference Flow for TSMC's Most Advanced 4nm RF FinFET Process

Retrieved on: 
Wednesday, September 27, 2023
Hertz, Partnership, CUI, LC, Electronics, EDA, EM, Fort Dix, Goldengate, RFIC, Golden, SNPS, Risk, Fin field-effect transistor, PDK, TSMC, Physics, Radio, Silicon, Environment, NYSE, PathWave Design, Printed circuit board, Video game, Ansys, Synopsys, Keysight, RF

PITTSBURGH, Sept. 27, 2023 /PRNewswire/ -- Keysight Technologies, Inc. (NYSE: KEYS), Synopsys, Inc. (Nasdaq: SNPS), and Ansys (Nasdaq: ANSS) announced a new reference design flow for TSMC N4P RF, the silicon foundry's most advanced 4 nanometer (nm) radio frequency (RF) FinFET process technology. The reference flow is based on the Synopsys Custom Design Family and integrates the Ansys multiphysics platforms, which provides a complete RF design solution for customers seeking an open RF design environment with higher predictive accuracy and productivity. It provides designers with a choice of best-in-class solutions and includes validated integrations with radio frequency integrated circuit (RFIC) design and interactive electromagnetic (EM) analysis tools from Keysight and signoff power integrity and EM modeling from Ansys.

Key Points: 
  • (Nasdaq: SNPS), and Ansys (Nasdaq: ANSS) announced a new reference design flow for TSMC N4P RF, the silicon foundry's most advanced 4 nanometer (nm) radio frequency (RF) FinFET process technology.
  • The TSMC 4nm RF design reference flow improves design turnaround time and layout productivity in the Synopsys Custom Compiler™ design and layout environment.
  • Reference design flow certification includes rigorous validation of TSMC's 4nm RF process design kit (PDK) using critical design components including sub-6 GHz low noise amplifiers (LNAs) and LC-tuned voltage-controlled oscillators (LC VCOs).
  • "Our latest collaboration with Ansys and Keysight on the new RF design reference flow supporting TSMC's advanced 4nm process node provides an open and optimized flow that delivers exceptional quality-of-results for advanced 5G/6G wireless systems."