Lending

George Osborne warns tight bank lending could crash the economy if Coronavirus causes firms to fail

by

George Osborne warns that banks could grind the economy to a halt by slashing lending if Coronavirus causes firms to fail as he urges Chancellor Rishi Sunak to ‘vaccinate’ businesses in Wednesday’s Budget Ex-politician raised spectre of banks refusing to lend money if firms start failing Thousands of ill workers and consumers could be forced … Read more

Pollen Street Secured Lending reveals takeover offer and sacks manager

by

Investment trust Pollen Street Secured Lending reveals US takeover approach and sacks fund manager By Daily Mail City & Finance Reporter Published: 23:36 GMT, 25 February 2020 | Updated: 23:36 GMT, 25 February 2020 US firm Waterfall Asset Management wants to buy Pollen Street Secured Lending for 900p per share in a £675m bid Investment … Read more

MIDAS SHARE TIPS: Tablets and debit cards… how Morses is taking doorstep lending upmarket

by

Simple touch: Morses Club agents use tablets to make form-filling easier Doorstep lenders are a controversial bunch, often criticised for charging too much and harassing late-payers.  Their reputation has been further tarnished by high-profile revelations about payday lenders, offering fast bucks online but forcing borrowers to pay extortionate amounts of interest in return. The payday market … Read more