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Payday lender Wonga says it will cut 325 jobs - over a third of its staff. Wonga says 325 posts are set to go in teams that support the UK business, affecting offices in London, Dublin, Cape Town and Tel Aviv that currently employ a total of 950 people. The Dublin and Tel Aviv offices will close. Wonga's chairman, Andy Haste, said the business could no longer sustain its high cost base. Payday lenders have faced a slew of new regulation since last year. http://www.bbc.co.uk/news/business-31603152 Well, that's a start, just leaves the other two-thirds to get rid of
Hi, hope admin don't mind but I am looking for others like myself who have been screwed over by Natwest/RBS. I moved some of my properties to them and took out a 5 year loan facility with them in 2007 on the understanding that they would renew the loan as long as I was a good customer & paid my dues. I did pay my dues & never missed a payment but after the banking crisis they decided they didn't want to have "buy to let properties" on their books any more & demanded all the money back, including the further loans that I had taken out over a 15 year term. As banks weren't lending at that time I was unable to repay the money so Natwest appointed LPA receivers. This never went to court as they use "the law of property act 1925" a very interesting read if you have time. I have been battling with Natwest ever since & have spent a small fortune on solicitors & barristers. Please see my other posts for the early part of my story. Unfortunately I cant post the rest of my story at the moment but I will as soon as I can. The main thing I need to do is find others like myself so please contact me, we may be able to help each other. Thanks in advance.
Hi I really need an experienced financial adviser ASAP. I need someone who knows a lender who will lend on properties with the receivers. I had a deal pretty much set up but the lender are now saying they will not lend unless the receivers release the properties back to the bank. The bank will not agree to this until the deal has been done. This has taken so long we now only have 5 weeks to complete. Please help. Ps I have never missed a payment & my credit score is fine.
Royal Bank of Scotland is to axe 1,400 jobs over the next two years as part of a restructuring of its UK retail banking head office. This will take the total number of staff cut since the bank was bailed out by taxpayers in 2008 at a cost of £45.5bn to 38,900. Ross McEwan, chief executive of UK retail banking at RBS, said the cuts were necessary to improve the lender's service to customers. "We are investing £700m in the next three years in new and improving services. Regrettably, we can only do that by restructuring the way we work in head office so that every effort is concentrated on supporting our customers and the front line staff that serve them," said Mr McEwan. Workers' unions hit out at the cuts, describing the redundancies as "brutal" on top of the 37,800 jobs already lost at the bank. RBS currently employs 123,000 in its offices around the world. The announcement of the cuts followed a warning by the bank's chairman, Sir Philip Hampton, earlier this week of the need for further job losses. Link: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10061850/RBS-axes-1400-in-UK-retail-restructuring.html