Vanquis Bank reports surprise balance sheet hit after investigation banking As a result of these write-offs, the lender said it would no longer hit its return on tangible equity and profit targets for the year.
Vanquis Bank fights legal battle against claims management firm in attempt to stem losses Banking Specialist lender Vanquis Banking Group is involved in legal proceedings against a claims management company that it partially blamed for a profit warning earlier this year.
Banks drive finance complaints up by a fifth as ‘unaffordable’ credit cards slammed Banking Issues with banking and credit cards drove official finance complaints up nearly a fifth in the second half of last year, new figures show, as customers were hit by fraud and "unaffordable and irresponsible lending".
Vanquis Bank swings to annual loss and slashes dividend after jump in impairment charges March 27, 2024 Vanquis Banking Group has swung to an annual loss and slashed its dividend after the specialist lender saw a jump in impairment charges, following a profit warning for 2024 earlier this month.