We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Bermuda triangle

26 February 2020 By Liam Proud

New CEO Dan Frumkin wants to open fewer branches and squeeze more income from unsecured lending. That’s hard in a cut-throat market. Even if he succeeds, an 8.5% return on tangible equity by 2024 is uninspiring. Absent a merger partner, the upstart UK lender looks like a zombie.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)