MondayJan 22, 2018 12:45 pm

QualityStocksNewsBreaks – IEG Holdings Corp. (IEGH) Views Current Tender Offer as Solid Short-term Investment for Shareholders

IEG Holdings (OTCQB: IEGH), a provider of unsecured consumer loans, recently announced a tender offer to exchange 13 shares of the company’s common stock for each share of common stock of LendingClub Corp. (NYSE: LC). An article discussing the offer reads: “IEG Holdings Corporation (OTCQB: IEGH) recently announced (http://ibn.fm/mAbCE) that it has begun a tender offer for 4.99 percent of the common shares of LendingClub Corporation (NYSE: LC). The offer, set to expire on February 22, 2018, is for up to an aggregate of 20,701,999 common shares. The transaction calls for the exchange of 13 shares of IEG Holdings common…

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FridayJan 12, 2018 4:45 pm

IEG Holdings Corp. (IEGH) is “One to Watch”

State-licensed online unsecured consumer loan company Attractive alternative to expensive payday lenders Cumulative loan volume increased to more than $16 million end of 2017 Since January 2015, cumulative loan volume has increased by 192% IEG Holdings Corp. (OTCQB: IEGH) is a publicly traded, global leader in consumer finance providing small-sized online personal loans in the United States via a state-licensed operating subsidiary, Investment Evolution Corporation, under the consumer brand “Mr. Amazing Loans.” Based in Las Vegas, the company originates consumer loans in 20 states: Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio,…

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ThursdayJan 11, 2018 1:51 pm

IEG Holdings Corp. (IEGH) Commences Tender Offer for 4.99% of the Common Shares of LendingClub Corporation (NYSE: LC)

Offer to expire on February 22, 2018, and represents 4.99 percent of outstanding common shares as of October 31, 2017 Transaction calls for exchange of 13 shares of IEG Holdings common stock for each share of LendingClub, up to an aggregate of 20.7 million shares IEGH sees tender offer as a solid short-term investment for its own shareholders IEG Holdings Corporation (OTCQB: IEGH) recently announced (http://dtn.fm/zMd0F) that it has begun a tender offer for 4.99 percent of the common shares of LendingClub Corporation (NYSE: LC). The offer, set to expire on February 22, 2018, is for up to an aggregate…

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WednesdayJan 10, 2018 2:14 pm

QualityStocksNewsBreaks – IEG Holdings Corp. (IEGH) Unveils Plans for New Cryptocurrency

Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH), through wholly owned subsidiary Investment Evolution Crypto, LLC, this morning announced that it is negotiating to purchase a gold project with gold metal in the ground and prospecting licenses. IEG Holdings intends to utilize this gold resource to investigate creating its own gold metal-backed cryptocurrency, potentially offering loans and accepting loan repayments in the new blockchain-based currency. “Unlike Bitcoin, Ripple, Ethereum and Litecoin etc., IEGH's crypto currency is planned to be backed by gold metal and registered with the SEC as a security,” Paul Mathieson, chairman and CEO of IEGH, stated in…

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MondayJan 08, 2018 10:15 am

QualityStocksNewsBreaks – IEG Holdings Corp. (IEGH) Commences Tender Offer for Stake in LendingClub Corporation (NYSE: LC), Highlights “Flawed” Business Model

Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) this morning announced the commencement of a tender offer for shares of LendingClub Corporation (NYSE: LC) by which the company aims to exchange 13 shares of its common stock for each share of LendingClub, up to an aggregate of just over 20 million shares, or 4.99 percent of LendingClub’s outstanding shares. In the news release, IEGH identified what it believes to be a number of major risks and problems with the LendingClub business model and management, including weak underwriting standards, lack of company-owned state lending licenses, unsustainable funding sources, excessive cost structure…

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