trending Market Intelligence /marketintelligence/en/news-insights/trending/lLKhz6mYR_pn56FGM79BQA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

UK FCA places payday lender MMP Financial under administration

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

UK FCA places payday lender MMP Financial under administration

The U.K. Financial Conduct Authority placed MMP Financial Ltd. under administration Dec. 9.

MMP Financial, which trades as My Money Partner and Swift Sterling, provides so-called payday loans, which are high-interest loans issued to customers until their next payday or for a period of few months, in the U.K.

Chris Laverty, Trevor O'Sullivan and Helen Dale of Grant Thornton UK LLP were appointed joint administrators of the company, according to the regulator's statement.

The watchdog also placed DJS (UK) Ltd. — another payday lender which trades as PiggyBank — under administration Dec. 5. Shane Biddlecombe and Gordon Johnston at HJS Recovery UK Ltd. were appointed as its joint administrators.

The FCA said both company's existing loan agreements will not be impacted by the administration proceedings but they can no longer issue new loans.