Vanquis Bank

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Provident said the Financial Conduct Authority had already discussed certain processes with Moneybarn which had led to a number of “process improvements”.

British lender Provident Financial said the country’s financial watchdog had opened an investigation into Moneybarn, its car and van financing arm. Th(...)

Peter Crook, who has quit as Provident Financial’s chief executive, warned of heavy losses following a period of “substantial under-performance”. Photograph: Provident Financial/PA Wire

When Provident Financial hit the market with a shock profits warning on Tuesday, it was a bit like being transported back in time – back to that momen(...)

Peter Crook, who has quit as Provident Financial warned of heavy losses following a period of “substantial underperformance”. Photograph: Provident Financial/PA Wire

Provident Financial slumped the most on record as chief executive Peter Crook stepped down and the subprime lender forecast a full-year loss and scra(...)