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...The deal tightens private equity’s grip on subprime consumer lending in the US, where Blackstone owns Lendmark Financial Services and Warburg Pincus owns Mariner Finance....
...Soon after, Springleaf Financial, a speciality finance company spun out of the bailed-out insurer AIG, revealed a similar mishap....
...Earlier this year, Springleaf, a speciality finance company, sold two securitisations of unsecured personal loans....
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