Hints and tips:
Related Special Reports
...The Hong Kong government then said residents availing themselves of the BNO visa scheme could not apply for early withdrawals from the territory’s compulsory retirement plan, the Mandatory Provident Fund...
...A number of banks, insurers and financial institutions offer pension funds under the Hong Kong government’s Mandatory Provident Fund retirement saving system, including Manulife, Invesco, Fidelity and HSBC...
...One of the few left, Vanquis — formerly Provident Financial — has tried to clean up its reputation and become a regular bank funded by its depositors....
...The truth is that the impact of regulatory crackdowns — including compensation claims that drove high-cost lenders like Provident Financial and Amigo out of the business — tends to be bigger than initially...
...SimmsCEO, P3 Charity Matt SmithCEO, Key Fund Adam SwerskyCEO, Social Finance Nick TempleCEO, Social Investment Business Peter UdaleChair, Responsible Finance Danielle Walker-PalmourDirector, Friends Provident...
...The government’s solution to this reserve glut has been to issue close to 40 per cent of GDP in non-marketable debt to the central bank....
...Ian McLaughlin, chief executive of Bank of Ireland UK, will take over subject to regulatory approval....
...Ian McLaughlin, chief executive of Bank of Ireland UK, will take over, subject to regulatory approval....
...Provident Financial shuttered its 141-year-old doorstep lending business in 2021, and was renamed Vanquis Banking Group in January. Pawnbroker Ramsdens has also benefited from the loss of competition....
...His long career in the City of London has included spells as chair of private equity group 3i, insurer Friends Provident, recruitment group Michael Page and Swedish paper producer Cellmark....
...The People’s Bank of China said on Friday that it would lower the interest rate for housing provident fund loans by 0.15 percentage points for first-time homebuyers starting from October, the first cut in...
...The People’s Bank of China said on Friday it would lower the interest rate for housing provident fund loans by 0.15 percentage points for first-time homebuyers starting from October....
...In 2020, Provident declared a loss of £113.5mn....
...Subprime lenders charge steep interest rates, but in return extend credit to communities which high street banks disdain....
...This is the result of forced savings through the “central provident fund”, which compels workers and employers to contribute 37 per cent of their wages and salaries up to the age of 55....
...Provident Financial closed its doorstep-lending unit last year, after more than 140 years in operation....
...Japan’s next chief faces daunting challenge (FT) Stripe sets one-year timetable to decide on going public (Wall Street Journal) Former Janus Henderson analyst charged with insider dealing (FT Adviser) Provident...
...Among the companies that have been on the list are Lendy, the now defunct UK peer-to-peer lender, and Provident Financial, the subprime lender that has been investigated by the regulator over its assessment...
...Provident shuttered its consumer credit unit last year....
...Finally, after a long series of discussions, financial services group Friends Provident agreed to adopt an LDI strategy for its pension fund....
...Provident Financial, one of the largest participants in Britain’s subprime market, shut a unit providing “high cost lending” last year....
...The biggest banks, which already decline to serve the poorest in society, will draw the credit drawbridge up further in a downturn....
...Proponents believed agents’ local expertise and personal relationships with borrowers allowed them to achieve better results than traditional bank lending to people with bad credit scores, but the approach...
...Provident benefited from a surge in subprime lending following the 2008 financial crisis, when mainstream banks became increasingly reluctant to lend to anyone with even minor blemishes on their credit file...
...The FTSE 250 company is also planning to close its online lending business, Satsuma, and instead focus on its credit card business Vanquis Bank and its car finance operation Moneybarn....
International Edition