May 03, 2013 at 11:17 AM EDT
Are Banks Doomed Now That Google Has Invested in Peer-to-Peer Lending?
Should banks be nervous? Not yet, but they should be paying attention to the fact that search giant, Google Inc. (NASDAQ: GOOG ), along with existing investor, Foundation Capital, just plunked down a $125 million investment in peer-to-peer lending platform, Lending Club. Peer-to-peer lending, of which Lending Club is one
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