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Streaming service promises new life for subprime lender Amigo
Amigo revealed on Tuesday that it was in talks about a possible reverse takeover. The move would bring the digital media businesses founded by Cato Crogh on to the London stock market using the shell left by the wind-down of the British company’s lending operations.
Amigo loans expects to liquidate within months Guarantor lender Amigo said that it expects to go into liquidation within ‘the next few months’ Bosses said they are still open to finding a buyer for the business. If no-one comes forward ‘very soon,’ shareholders will be left with nothing.
What to stream this week: Indiana Jones, 'One Piece,' 'The Menu' and tunes from NCT and Icona Pop The Criterion Channel has a '70s Car Movies anthology pulling into your living room. Sega has decided it's time to revive Amigo, the sombrero-wearing, maracas-shaking Brazilian monkey. "One Piece," a new live-action fantasy series, debuts Thursday on Netflix.
MARKET REPORT: Amigo fights for survival after £45m cash talks fail Bournemouth-based sub-prime lender has been on a survival footing since it was suspended. Amigo added it had 'indications of interest' in equity capital subscriptions to fund £21m.
UK subprime lender Amigo falls short of cash call... UK subprime lender Amigo falls short of cash call target, explores options. Amigo shares fell 32% in early trading.
Amigo Loans struggling to find friends for survival cash Amigo was valued at £1.3 billion when it floated in 2018 but is now worth only £12.4 million. It has previously warned that if it cannot raise the £45 million it will close down.
UK's Amigo draws line under lending failures after... UK's Amigo draws line under lending failures after escaping $88 mln FCA fine. One in four of the subprime lender's guarantors was asked to step in and make payments to assist struggling borrowers at some point during the term of the loan.
UK's Amigo escapes $88 mln fine as FCA censures lender... British financial regulator publicly censured Amigo for failures to undertake affordability checks. FCA would have imposed a 72.9 million pound ($88.64 million) fine on the lender if not for its financial hardships.
UK's Amigo escapes $88 mln fine as FCA censures lender... British financial regulator publicly censured Amigo for failures to undertake affordability checks. FCA said it would have imposed a 72.9 million pound ($88.64 million) fine on the lender if not for its financial hardships.
Sub-prime lender Amigo dodges £73m fine despite risk to consumers Sub-prime lender Amigo has dodged a £73m fine despite having put consumers at a ‘high risk’ of harm. Financial Conduct Authority investigation found Amigo put business interests ahead of its customers.
Amigo on the brink as hunt for backer falters Amigo was valued at £1.3 billion when it listed on the London Stock Exchange in 2018. It has been crippled by complaints from its borrowers, who claim they were mis-sold high-interest loans and want compensation.
Amigo struggles to pay debts to borrowers as investors hold off High-interest loans company Amigo is struggling to convince investors to help pay off what it owes to customers who were mis-sold loans. The lender said it has not managed to find a so-called ‘cornerstone’ investor to help it raise £15 million for customers. Amigo has been on the ropes for several years after receiving an onslaught of complaints.
BUSINESS LIVE: Sainsbury's Just East tie-up; M&S to open 20 new stores Sainsbury's reveals Just East partnership; M&S to open 20 new stores. Amigo fails to find cornerstone investor.
Amigo struggles to pay debts to borrowers as investors hold off High-interest loans company Amigo is struggling to convince investors to help pay off what it owes to customers who were mis-sold loans they could not afford. The lender said it has not managed to find a so-called ‘cornerstone’ investor to help it raise £15 million for customers.
Amigo struggles to pay debts to borrowers as investors... High-interest loans company Amigo is struggling to convince investors to help pay off what it owes to customers who were mis-sold loans. The lender said it has not managed to find a so-called ‘cornerstone’ investor to help it raise £15 million for customers. Amigo has been on the ropes for several years after receiving an onslaught of complaints over how it sold loans.
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