The Traderszone Network

Published in TZ Latest News 22 August, 2017 by The TZ Newswire Staff

This is the way the dominoes started in 2008

Subprime Lender Self-Disrupts

Lending money to poor people is shockingly profitable. Yet the temptation to wring even more money out of doorstep lending led Provident Financial Plc to revamp its business in the name of technology and efficiency.

The result: a wrecked share price, the CEO’s exit, regulatory scrutiny and a balance sheet that may need propping up. The blessing in disguise may be a slowdown in subprime lending.

Provident Warning
Subprime lender’s share…

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