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UK watchdog probes NSF’s hostile $1.6 billion bid for rival Provident

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British doorstep lender Non-Standard Finance (NSF) faced a fresh hurdle in its hostile 1.3 billion pound ($1.6 billion)bid for rival Provident Financial on Wednesday as the UK competition watchdog.

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UK watchdog probes NSF’s hostile $1.6 billion bid for rival Provident. The watchdog also confirmed NSF had offered to demerge its Loans at Home unit, the UK’s third-largest provider of home credit.

Provident Financial plc is pleased to announce the appointment of Neil Chandler as Managing Director of Vanquis Bank. Neil will join the Vanquis Bank Board and start as Managing Director on the 15 th April 2019, subject to regulatory approvals. Neil Chandler was until recently the Chief Executive.

Asked about targets for the unit’s recovery and what percentage of customers Provident hoped to win back, Chief Executive Officer Malcolm Le May said the firm was working on getting it fully.

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UK watchdog probes NSF’s hostile .6 bln bid for rival Provident. (NSF) faced a fresh hurdle in its hostile 1.3 billion pound ($1.6 billion)bid for rival Provident Financial on Wednesday as.

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