I have a piece in this week’s NY Mag about Lending Club, part of a series of profiles of what the magazine calls “boom brands“. I’ve been a fan of the Lending Club model since April 2009, and have watched its steady, disciplined growth with admiration since then.
ByRenee Ann Butler:
Google (GOOG) is a technology powerhouse, and it shows. The company has its hands in enough pies that it is really just a matter of time before it all comes together and Google becomes even more of a force than it already is. The company's very name has become synonymous with search engines and, to a large extent, mobile phones, but now it may have a new project on the horizon -- peer-to-peer lending.
The CBI has predicted that base rates will start to go up in the spring, reaching 2.75% by the end of 2012. This has generally been greeted as bad news. But, as some will add, as an after-thought - it's good news for the hordes of people in the UK who live on the income from their savings, or are planning to do so in the next few years.