Skip to content
CityAM
Main navigation
Sign Up
  • News
    • Latest News
    • Property
    • Business
    • Media
    • Technology
    • Retail and leisure
    • Transport and infrastructure
    • Law & professional services
    • Legal Notices
    • Banking
    • Politics
    • CFA Institute Talk
    • ICAS Talk
    • Warwick Business School
    • The University of Bath
    • AON
  • Markets & Economics
    • Markets & Economics News
    • Economics
    • Markets
    • Schroders Talk
    • eToro Talk
    • IG Talk
    • M&A Talk
    • BCB Talk
  • Crypto A.M.
    • Crypto News
    • CoinCorner Talk
  • Opinion
    • Features
    • Letters
    • The City View
  • Jobs and Money
    • Jobs and Money News
    • Personal Development
    • Jobs
    • Fintech
    • Money
    • Personal Finance
    • Doceo
    • The Business Guide
    • 10 ways to run a more efficient business
    • Finance & Legal
  • Unwind
    • Unwind
    • Sport
    • Six Nations 2022
    • The Punter
    • The Punter Podcast
    • Culture
    • Life & Style
    • Sport Business
    • The Magazine
    • Travel
    • Discover Malta
    • Green Economy
    • The DiverCity Podcast
    • Aramco Team Series
    • Queen’s Award 2022
    • Health, Fitness, and Wellbeing
  • Charity
    • Giving
    • World’s biggest donors 2010 – 2021
  • Latest Paper
  • Jobs

Amigo

  • Beleaguered Amigo Loans makes interim finance chief permanent in attempt to leave near-fatal woes behind

    Turning the page

    Amigo Loans confirmed to City A.M. that Danny Malone will join its Board as the company’s new chief financial officer, and as an executive director. His appointment as an Executive Director is subject to approval under the Senior Managers’ Regime, by the Financial Conduct Authority. Malone has been acting as Interim CFO since February 2022. “Danny [...]

  • Watchdog gives Amigo Loans green light to resume lending following customer compensation backlash

    WATCHDOG

    Shares in the sub-prime lender Amigo Loans soared as much as 81 per cent this Monday after a financial regulator said the firm could resume lending subject to conditions and if its new business rescue plan was approved by the High Court. Amigo’s stock took a beating last year after the High Court stated that it [...]

  • Embattled Amigo appoints charted accountant as interim CFO after lender’s most dramatic week ever

    Latest on Amigo's demise

    Amigo Holdings said this morning it has appointed that Danny Malone will be appointed on an interim basis as Chief Financial Officer, subject to approval by the FCA. The appointment as CFO is expected to take effect from 7 February 2022 and will be for a four month period. As the appointment is on an [...]

  • Live to fight another day: Amigo Loans’ stock makes much-needed 22 per cent comeback after two days from hell

    January 26, 2022

    Amigo Loans share price is climbing this morning, recording a 22 per cent increase after two dramatic days. Yesterday, the lender’s stock dropped nearly a third after the company said late on Monday night that its chief financial officer, Mike Corcoran, will step down immediate effect. “The Company anticipates it will be able to announce the [...]

  • Amigo issues fresh warning over future despite profit rise

    August 27, 2021

    Embattled subprime lender Amigo has issued yet another warning over its future despite a fifteen-fold rise in profit this quarter. First quarter pre-tax profit at the firm jumped from £1.4m to £15m, it revealed this morning, a performance finance chief Mike Corcoran labelled “better than expected”. It comes days after Amigo revealed it had made a £283.6m [...]

  • Amigo shares jump after lender extends funding lifeline

    June 25, 2021

    Amigo today said it had secured three months of breathing space from its lender as the business tries to avoid collapse. The guarantor lender said the bank had extended the grace period, which was set to run out today, to 24 September. However, it has been cut to £100m from £250m. Amigo has been under [...]

  • Sub-prime lender Amigo warns of insolvency after court defeat

    June 1, 2021

    Amigo Loans has said it faces insolvency after it suffered a major blow last week when a High Court judge refused to approve a compensation scheme that capped payments for historic complaints. In an update this morning, the sub-prime lender said it would not be pursuing an appeal following the High Court judgment. As a [...]

  • FCA gives tentative go ahead on Amigo’s compensation scheme

    March 24, 2021

    The Financial Conduct Authority (FCA) has said it has no current plans to take further regulatory action against a compensation scheme set up by loans lender Amigo – though it has reserved the right to change its mind. The scheme was set up by Amigo to address compensation for indebted clients who complained about its [...]

Trending Articles

  • Banking battle for customers heats up as Nationwide introduces 5 per cent interest rate on current accounts

  • Exclusive: Sunak to unveil plan to slash EU financial services rules in Mansion House speech

  • 100 days to cash in or spend it: Bank of England warns £14.5bn worth of paper bank notes will soon be withdrawn

  • Barclays makes major lending push with £2.3bn deal for Kensington Mortgage Company

Subscribe

Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Advertising
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • News
  • Markets & Economics
  • Opinion
  • Jobs and Money
  • Unwind
  • Crypto A.M.
  • The Punter
  • COP 26
  • Awards 2019

Follow us for breaking news and latest updates

  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Tickets
Copyright 2022 City A.M. Limited