The new week couldn’t start any worse for Lending Club. In the second quarter, its originations shrank while losses expanded. And its CFO Carrie Dolan also resigned. Find out what the causes are and what the lending company plans to improve on Sentifi.

1/ Lending Club: CFO resigns while losses gain

The peer-to-peer lending company released its second-quarter earnings, and it was far from good. Its net losses increased from $4.1 million to $81.4 million in just a year. Meanwhile, its originations shrank from $2.75 billion from the last quarter to $1.96 billion. To top it off, it lost its CFO Carrie Dolan, who will be replaced by Bradley Coleman, the company’s corporate controller.

2/ Global Net Lease: Acquires American Realty Capital Global for $247 million

Real estate investment trust Global Net Lease just agreed to a $247 million purchase of American Realty Capital Global Trust. According to CEO Scott Bowman, this acquisition is merely part of a larger acquisition plan laid out for both 2016 and 2017, which aims to accelerate the company’s growth.

3/ Hannover Rück: Stays optimistic despite profit hurt by fire, earthquake

Wildfires, earthquakes and storms produced big damage claims that caused Hannover Re’s second-quarter profitto fall 15 percent and shares drop 3.7 percent. Nevertheless, the company stays optimistic, confident that it has adequately substantial buffer to pay claims to protect full-year target from being hurt as well.

4/ Scotiabank: Plans a Taiwan exit

The bank of Nova Scotia has formally applied to Taiwan’s financial regulator to exit the country as the company is executing a strategy shift in the Asia Pacific region. The company is targeting the fourth quarter for a complete exit. According to an official of the Taiwan’s Financial Supervisory Commission, a few administrative procedures are in the way, but the regulator will proceed with the bank’s request.

5/ The London Metal Exchange: Intends to launch a suite of LMEprecious

The LME, along with the World Gold Council, Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, announces the intention to create a suite of exchange-traded and centrally-cleared precious metals products. This sparks from the market’s need for greater market transparency with the purpose of supporting and aiding ongoing regulatory change. The initiative aims to broaden market access and make trading more capital efficient.

7/ AIG: Shares are predicted to go up

Thanks to the insurer’s better-than-expected second-quarter profits along with $3 billion added to its stock buyback program, Goldman Sachs predicted the company’s shares will go up 15%, and this is a good time to buy. In addition, AIG also entered into a joint venture with NSM Insurance Group and ABRY Partners.

8/ ANZ Bank: Shares jump despite a slide in profit

ANZ’s profit for the nine months to the end of June slid 23 percent. Cash profit also dipped 3 percent. The sole reason for those slide and dip is rising bad debts, which rose 1.9 percent to $3.1 billion. The company’s shares raised 3 percent notwithstanding.

9/ Max Financial Services: Discusses terms of planned merger with HDFC Life

India’s Max Financial Services and its subsidiary Max Life Insurance has begin a merger discussion with bigger rival HDFC Standard Life Insurance to create the top private-sector life insurer in India. HDFC Life said the talks will continue for 60 days, and the merger will take a year to complete. Shares of both companies raised on the news.

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