24 Aug 2017
Should alarm bells be ringing?!
Ten years on from the financial banking crisis there is news of a sub-prime lender in trouble here in the UK. We’ve highlighted concerns about this before, but the news about Provident Financial should surely send alarm bells ringing.
The company lost two-thirds of its stock market value in one day on Tuesday after the doorstep lender was hit by many blows. It led to the biggest fall in a FTSE 100 company ever in one day, wiping nearly £1.7bn off its stock market value. Provident Financial – which specialises in lending to people ...