We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
Closure comes after failure to raise £45mn from investors
Regulator waives £73mn fine on lender
A failure to pull in new funds would mean liquidation for the company, lower payouts for creditors and a wipeout for shareholders
UK financial regulator said ailing company needed to preserve funds to repay customers
Subprime lender braced for autumn as energy prices and inflation surge
RewardRate will offer cheaper credit to those who pay back on time as part of subprime lender’s plans to resume business
UK judge’s acceptance of plan moves guarantor lender closer to resuming business
Financial Conduct Authority will not block new scheme at hearing this week but does not rule out intervention
UK group in Mexican stand-off with regulators and irked customers that leaves it imperilled
Shares in UK subprime lender fall as it proposes equity raising
Subprime lender says it is no closer to avoiding collapse amid FCA dispute over customer complaints
Plus, Brussels to launch Nvidia-Arm probe and why industrial ‘sheds’ are hot right now
FCA intervention at Amigo Loans indicates shift in tone and attitude, say executives
Subprime lender’s shares fall 41% after judge refuses to approve compensation scheme
The problems at Provident and Amigo underline need to scale up affordable alternatives
Revenues have dropped more than a third on a pause in new lending and payment holidays for borrowers
PwC puts distance between it and Boohoo; Amigo battles on
Action by FCA follows attempt by founder to regain control of UK subprime lender
About 57% of votes go against James Benamor’s bid to rejoin the UK lender’s board
Decision comes days before investors have to decide whether to back board or group’s founder
Some in industry have accused it of being able to regulate companies out of existence
UK subprime lender also involved in acrimonious row with founder James Benamor
This company’s story is in part that of disrupters writ large
James Benamor wants to lead international expansion, despite vicious dispute with management
Group says there is ‘material uncertainty’ over its ability to continue operating
International Edition
