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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.