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Shares of UK Subprime Lender Provident Fall 70% after Profit Warning
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Shares of UK Subprime Lender Provident Fall 70% after Profit Warning

Shares of UK Subprime Lender Provident Fall 70% after Profit Warning

Fintech Nexus Staff·
EuropeFintechNews Roundup
·Aug. 23, 2017·1 min read

The company is estimating a full year loss and its CEO has resigned; it is also being investigated by the FCA and cutting its dividend; the surprise estimates and regulatory investigation are key factors influencing the stock market losses; the company serves 2.4 million customers through a door to door lending process with a focus on the underbanked. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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