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Vanquis Banking Group PLC Shares News & Articles

Vanquis Banking shares have lost almost 20% in six weeks and could face FTSE 250 relegation

Rising interest rates are normally good for banks so investors may be puzzled why FTSE 250 lender Vanquis Banking (VANQ) has plunged nearly 20% in six weeks to 183.6p, putting the company firmly in relegation territory from the mid-cap index.The business, previously called Provident Financial, is trying to change its spots, shifting away from higher-risk, poor credit borrowers to a more...
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