trending Market Intelligence /marketintelligence/en/news-insights/trending/2fpk0kpr4ruisu3_jrn54q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: Prosper decides to end loan-sale arrangement with Citi

Industries Most and Least Impacted by COVID 19 from a Probability of Default Perspective March 2020 Update

Entertainment Promos Take Center Stage Amid Coronavirus Lockdowns

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Report: Prosper decides to end loan-sale arrangement with Citi

Citigroup Inc.will be putting a stop to the securitization of Prosper Marketplace Inc.'s online loans, Reuters reportedApril 12, citing an unnamed source.

The relationship between the two institutions lasted for ninemonths before going sour, the news outlet reported.

A spokesperson for Citi declined to issue a statement on thematter, while Reuters cited Prosper President Ronald Suber at an industry conferenceas saying that the company's loans were being sold into the market "no matterwhat," regardless of whether the market was ready or not.

Meanwhile, The Wall StreetJournal reported on the same day that "people familiar with the matter"say that Prosper is now talking to GoldmanSachs Group Inc. and other potential partners to take over where Citigroupleft off.