Sub-prime lender Provident Financial Plc
said on Tuesday it expects earnings for the year to be
at the lower end of market expectations, blaming modestly higher
impairment at its credit card business Vanquis Bank.
The European Central Bank has
asked lenders it oversees to put aside more money to fully cover
their impaired loans by around 2026, Italian newspaper Il Sole
24 Ore reported on Tuesday citing a source.
Record investor demand for the
year's first wave of euro zone government bond sales sets the
stage for new debt issuance from Italy and Spain, whose debt
agencies are keen to capitalise on the conducive environment,