Provident Financial Plc is a British sub-prime lender based in Bradford, West Yorkshire. It specializes in credit cards, Home Collected Credit (HCC), Online loans and consumer car finance. Vanquish Bank Ltd is one of the subsidiaries of Provident Financial Group Plc. The stock is listed on London Stock Exchange and is a Constituent of FTSE 100.
Falling Knife Reasons:
Provident Drops most ever CEO quits and Probe disclosed.
U.K sub-prime loan provider says full year dividend unlikely.
Loss expected after technology-based sales revamp backfired.
CEO Peter Crook Quits.