(Reuters) – British sub-prime lender Amigo said on Monday it plans to contribute 97 million pounds ($128.32 million) under a new business rescue proposal, revised up from 35 million pounds that it had previously estimated.
Amigo also said that the country’s financial regulator had informed the lender that it might impose a requirement on the company’s regulatory permissions, which could restrict it from continuing its business.
The Financial Conduct Authority’s investigation into Amigo is still ongoing.
($1 = 0.7559 pounds)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.