LendingClub Could Lose $21M Funds on Sillicon Valley Bank Collapse

By Sabela Ojea

LendingClub Corp. on Friday warned about potentially losing funds on deposit of $21 million following the collapse of Silicon Valley Bank.

The San-Francisco based lender said the $21 million amount isn’t material to its liquidity position or capital levels, and doesm’t pose a risk to the group’s business or operations.