Fintech M&A shows bank disruption stuck in infancy

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Fintech M&A shows bank disruption stuck in infancy
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LendingClub’s deal for Radius Bancorp shows that bank disruption is stuck in its infancy, writes AntonyMCurrie.

LendingClub on Feb. 18 said it has agreed to buy online bank Radius Bancorp for $185 million in cash and stock. LendingClub Chief Executive Scott Sanborn reckons it will take 12 to 15 months to get regulatory approval.

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