To every loser, there is a winner? LendingClub may be seeing a decline in forecasted loan originations, but their deposit levels have gone up 13%, by almost $1 billion. This is directly attributable to wary Silicon Valley Bank and Signature Bank depositors who are seeking safer pastures. Discover Financial Services and Capital One are also on the winning side.

https://www.pymnts.com/earnings/2023/lendingclub-grew-deposits-by-826-million-after-svb-collapse?utm_source=Sailthru&utm_medium=email&utm_campaign=Main%20NL04/27&utm_term=Main%20Newsletter