Competition Watchdog Probes £1.3B Subprime Lender Merger

By Christopher Crosby (May 29, 2019, 4:03 PM BST) -- Britain's competition regulator announced Wednesday it is investigating short-term lender Non-Standard Finance's proposed £1.3 billion ($1.64 billion) hostile takeover of rival Provident Financial, citing concerns that jettisoning parts of its business could still reduce options for consumers who struggle to borrow cash from mainstream lenders. ...

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