Wells Fargo & Co., the third-biggest U.S. bank by assets, is starting a program to offer small businesses online loans in as soon as one day, targeting territory occupied by On Deck Capital Inc. and LendingClub Corp.
Wells Fargo & Co., the third-biggest U.S. bank by assets, is starting a program to offer small businesses online loans in as soon as one day, targeting territory occupied by On Deck Capital Inc. and LendingClub Corp. Spencer Platt Getty Images
Wells Fargo & Co., the third-biggest U.S. bank by assets, is starting a program to offer small businesses online loans in as soon as one day, targeting territory occupied by On Deck Capital Inc. and LendingClub Corp. Spencer Platt Getty Images

Wells Fargo’s next-day loans encroach on LendingClub’s turf

May 10, 2016 03:26 PM