United Kingdom

Wall Street Buyer Moving to Acquire UK’s Largest Subprime Lender 

Rumors are swirling today that a major Wall Street-based bank is planning a surprise purchase of the United Kingdom’s largest subprime lender, London-based Kensington Group, PLC. UK-based The Mail first reported the potential sale this past Sunday, and the company issued a brief statement this morning confirming what it called “third party interest in the business,” although Kensington would not confirm if negotiations with a particular bank were ongoing.