Provident Financial said its quarterly trading has been robust - driven by strong growth at its credit card business.
The High Court ended John and Shelia Nolan's nightmare and dismissed the proceedings brought by sub-prime lender
Home Funding Corporation Ltd.
HSBC's acquisition of Household made the group the biggest sub-prime lender
in the US, which then cost the group hefty losses amid the sub-prime mortgage collapse and credit crunch.
Its British operations are expected to show flat profits for 2011, while its American arm continues to suffer the fall-out from the acquisition of sub-prime lender
Household in 2002, reports said.
The Office of Fair Trading (OFT) has imposed requirements on Alliance & Leicester Personal Finance, American Express Services Europe, HFC Bank, part of HSBC, and Welcome Financial Services, which is part of sub-prime lender
Cattles, following concerns about the way they were enforcing some consumers' debts.
Kensington has been hit with a fine for over Au1.
The sub-prime lender
is still in talks with its lenders to get a standstill agreement.
Auto Business News-9 January 2009-UK sub-prime lender
Cattles cuts 1,000 jobs(C)2009 ENPublishing - http://www.
HUNDREDS of jobs are at risk at sub-prime lender
HFC Bank in Birmingham amid union allegations of "intolerable" bullying of many staff in the city.
And, in a cautionary tale for homeowners, Dawn said she thought one sub-prime lender
was the "answer to her prayers" when she originally fell behind with her mortgage payments.
London Scottish Bank will cut lending after a pounds 21.
DeFazio is quick to point out that Metropolitan National Bank is not a sub-prime lender
nor has it ever been but he said that the collapse of the sub-prime market did have a collateral impact on all banking institutions.