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| whistleblower | Mar 24 2007, 11:24 AM |
www.saynotoyes.co.uk
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Sub-prime lender's profit warning. As a result of that, the chief executive John Maltby has decided to step down. The review may also lead to the company being sold. Check Kensington Group's share price Sub-prime mortgage lender Kensington Group has issued a profit warning and says its chief executive is leaving. It says that increased competition in the sub-prime mortgage market will hit profits in the coming years. Sub-prime lenders provide mortgages for people with lower credit ratings and unusual employment situations and tend to charge higher rates of interest. Earlier this month, problems at the US sub-prime lender New Century contributed to falls on global markets... bbc |
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| Sub-prime Lender's Profit Warning · Kensington Mortgages | |
8:00 PM Nov 27
