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UK subprime lender to rebrand itself Vanquis Banking Group as it announces exit of chief executive Malcolm Le May
Subprime lender’s pre-tax profits hit £4.1mn after shutting down high-risk, short-term business last year
By chasing after mis-selling claims financial regulators have chosen the wrong strategy for how to tackle high-cost credit
FCA’s decision not to go to court contrasts with its treatment of subprime lender Amigo
FCA intervention at Amigo Loans indicates shift in tone and attitude, say executives
The problems at Provident and Amigo underline need to scale up affordable alternatives
Fading regulatory concerns simply serve to highlight looming economic ones
Lender’s recovery hampered by rise in customer complaints
Lossmaking division has been hit by high levels of complaints from claims management companies
Subprime group tries to cap liabilities as regulatory tide turns against model
Shares fall more than a quarter after subprime lender says it may have to close one of its businesses
Retailer pushes for sales-linked leases; Provident Financial could reap benefits of cashless shift
Provident Financial hopes to benefit from a rise in customer numbers as people struggle to access bank loans
Group signs agreement with Saudi pension fund
Provvy turnround should succeed if regulators do not squash it as vigorously as NSF bid
NSF struggled to secure support beyond that of three key Provident shareholders
Competition watchdog sets late July deadline to decide on whether to launch in-depth probe
Maurice Tulloch is expected to push for separating life assurance and general insurance once again
NSF’s hostile takeover will probably succeed because it is more desperate than its enemies
Departure of flight business will not alleviate investors’ discomfort
Subprime lender has enough backing to proceed after lowering level of shareholder acceptances needed
Subprime lender’s assessment that a deal lacks prudence looks to be correct
Fourth-largest shareholder accuses other investors of trying to unfairly force through deal
Pub talk spurs ‘additional expressions of interest’ for UK group’s Cash Solutions business
Lender accuses rival of lacking competence as takeover attempt rumbles on
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