Google to Invest in Lending Club - NYTimes.com

In other banking news...

"Google has made a number of investments in start-ups both directly and through its venture capital arm, but it has not dabbled much in the banking industry. Google Wallet, a mobile payments system, may be its most prominent financial offering to date.
The technology company will own a stake of less than 7 percent in Lending Club. And the senior Google executive who led the talks over the investment, David Lawee, vice president for corporate development, will sit as an observer on the start-up’s board."

Google to Invest in Lending Club - NYTimes.com