JP Morgan $900 million acquisition of unsecured loans

2/2/2016

Asset Backed Securities (ABS), Loan portfolio sale

Value:

$ 900 million

Status:

Completed

Date:

2/2/2016

Overview:

JP Morgan Chase acquired $900 million in unsecured Lending Club loans from Santander Consumer.
Lending Club is a San Francisco-based peer-to-peer lending company.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal types:

Asset Backed Securities (ABS)
Loan portfolio sale

Practice area:

M&A

Industry sector:

Banking

Firm:

Mayer Brown

Party: Santander Consumer Bank (Seller)

Lawyer: Elizabeth Raymond

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