Faculty News

Professor Aswath Damodaran weighs in on LendingClub's relationship to Cirrix Capital

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Excerpt from Fortune -- "The trouble comes if Cirrix buys too many of LendingClub’s loans, which is possible with Lending Club as a partial investor. 'If 80% of [Cirrix’s] portfolio is in LendingClub, it is very dangerous,' says Aswath Damodaran, professor of finance at the Stern School of Business at New York University. 'You become almost a quasi-bank, and you need to worry about all the things that banks do.'"

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