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On Deck Capital posts wider loss; to cut jobs
February 16, 2017 / 12:19 PM / 7 months ago

On Deck Capital posts wider loss; to cut jobs

Feb 16 (Reuters) - Marketplace lender On Deck Capital Inc reported a wider loss for the fifth straight quarter and said it would reduce headcount by 11 percent.

The company’s net loss attributable to shareholders was $35.86 million, or 50 cents a share, for the fourth quarter ended Dec. 31, compared with $4.64 million, or 7 cents a share, a year earlier.

Interest income rose about 60 percent to $76.12 million. (Reporting by Sruthi Shankar and Nikhil Subba in Bengaluru; Editing by Anil D‘Silva)

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