Breaking news
Amigo Loans plots new scheme to pay off customers in last ditch bid to stay afloat By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 January 2021 | Updated: 21:51 GMT, 25 January 2021 Amigo Loans has launched a last-ditch attempt to stay afloat following a wave of customer complaints. The controversial guarantor … Read more
Amigo issues profits warning as mis-selling compensation claims continue to flood in By Daily Mail City & Finance Reporter Published: 23:15 GMT, 3 November 2020 | Updated: 23:15 GMT, 3 November 2020 Amigo has warned over profits as mis-selling compensation demands continue to flood in. The guarantor lender revealed pay-out provisions were set to soar … Read more
Amigo shares sank after it was told it will not be able to pay any bonuses or dividends without the City watchdog’s permission. The Financial Conduct Authority (FCA) will require Amigo Loans, which has been branded a ‘legal loan shark’ by MPs, to obtain its approval before transferring any assets out of the group. The … Read more
Amigo forced to ask for City watchdog’s approval to pay out cash to shareholders and directors Amigo entered a Asset Voluntary Requirement (VReq) with the FCA The FCA uses VReq when they suspect ‘serious misconduct’ and ‘and harm needs to be prevented immediately’ By Camilla Canocchi for Thisismoney.co.uk Published: 10:39 BST, 19 October 2020 | Updated: … Read more
MARKET REPORT: Drawn-out ding-dong between Amigo Holdings and its founder James Benamor still keeping investors on their toes By Lucy White For The Daily Mail Published: 22:09 BST, 24 August 2020 | Updated: 22:36 BST, 24 August 2020 The drawn-out ding-dong between Amigo Holdings and its founder James Benamor is still keeping investors on their … Read more
Amigo board rejects founder James Benamor’s proposals and says his return would be ‘materially detrimental’ for the business Spat between founder of Amigo Loans and its board escalated over the weekend James Benamore penned blog recommending his return and ousting of board Benamor accused Amigo of irresponsible lending and excluding millions Amigo board says return of … Read more
Amigo Loans gets another extension until December from its own lenders on £250m finance deal The new deal will reduce the facility’s size from £300m to £250m Amigo says the waiver extension will help it understand the impact of Covid-19 Amigo must clear thousands of complaints before watchdog’s October deadline By Angelique Ruzicka For Thisismoney.co.uk … Read more
Shares in Amigo plunge as high cost of complaints sends loans company to £27m loss Shares in the subprime lender fell by 23.7 per cent to 7.4p by mid-afternoon Amigo’s Acting Chair said it had undergone a ‘challenging and difficult period’ The firm recently agreed to resolve all complaints against them by October 31 By … Read more
Amigo has until end of October to clear backlog of complaints it had originally promised to get out of way a week ago By Daily Mail City & Finance Reporter Published: 22:00 BST, 3 July 2020 | Updated: 22:17 BST, 3 July 2020 Amigo Loans will have until the end of October to clear a … Read more
Shares in troubled Amigo Holdings plunge to a record low as customer complaints flood in By Lucy White For The Daily Mail Published: 21:56 BST, 22 June 2020 | Updated: 22:10 BST, 22 June 2020 Shares in troubled Amigo Holdings have plunged to a record low as customer complaints flood in. The controversial lender, dubbed … Read more