Provident Financial axes doorstep lending after 141 years putting 2,100 jobs at risk By Lucy White For The Daily Mail Published: 21:50 BST, 10 May 2021 | Updated: 21:50 BST, 10 May 2021 Provident Financial is closing its 141-year-old doorstep lending business – putting 2,100 jobs at risk. The firm, which specialises in loans for … Read more
Crisis at the Provvy: Shares dive 28% and watchdog launches a formal probe as doorstep lending arm faces collapse By Mark Shapland For The Daily Mail Published: 21:57 GMT, 15 March 2021 | Updated: 21:57 GMT, 15 March 2021 Provident Financial lost more than a quarter of its value after warning that its doorstep lending … Read more
Bailey urges the big banks to keep on lending and support the battered UK economy By Daily Mail City & Finance Reporter Published: 21:51 GMT, 11 December 2020 | Updated: 21:51 GMT, 11 December 2020 Bank of England governor Andrew Bailey Bank of England governor Andrew Bailey has urged industry heavyweights to keep lending and … Read more
Business lending by banks expected to reach 13-year high in 2020, according to research By Daily Mail City & Finance Reporter Published: 21:50 BST, 9 August 2020 | Updated: 21:59 BST, 9 August 2020 Business lending by banks is expected to reach a 13-year high in 2020, according to research. Because of the strain put … Read more
Mortgages and other loans are set to become harder to find over the coming months as the coronavirus pandemic causes banks to pull back from lending. Experts fear the UK could be heading for another credit crunch as lenders are becoming more reluctant to get money out of the door, despite demand from households and … Read more
Watchdog launches probe into ‘legal loan shark’ Amigo over whether it broke rules for responsible lending By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 June 2020 | Updated: 22:12 BST, 1 June 2020 Amigo Loans is being investigated by the City watchdog over whether it broke rules surrounding responsible lending. The Financial … Read more
At last! Lloyds ramps up Covid lending: Bank boasts it has approved £1billion worth of loans to 32,000 firms By James Salmon for the Daily Mail Published: 22:54 BST, 5 May 2020 | Updated: 23:41 BST, 5 May 2020 Lloyds approved seven times as many ‘bounce back’ loans to struggling firms in a day than … Read more
Firms struggling to secure emergency loans under government scheme warned to steer clear of brokers charging to ‘fast track’ applications By James Salmon for the Daily Mail Published: 22:16 BST, 27 April 2020 | Updated: 22:16 BST, 27 April 2020 Loan arranger: Chancellor Rishi Sunak Cash-strapped firms struggling to secure emergency loans under a government … Read more
Banks under pressure to ramp up their coronavirus rescue lending with just £2.8bn doled out to small firms so far By Lucy White For The Daily Mail Published: 21:51 BST, 23 April 2020 | Updated: 21:51 BST, 23 April 2020 Banks are under pressure to ramp up their coronavirus rescue lending as the latest figures … Read more
Banks urged to ramp up lending as just 12,000 small firms get crucial loans to survive the coronavirus crisis By Ruth Sunderland for the Daily Mail Published: 21:51 BST, 20 April 2020 | Updated: 21:51 BST, 20 April 2020 Britain’s banks are under mounting pressure to come clean over what they are doing to help … Read more