Cabot Credit Management, Goldman Sachs and LBG in lending
- Cabot Credit Management, the UK’s biggest debt collector, has announced it is to delay its planned £1bn IPO after one of its directors, Peter Cook, the former chief executive of Provident Financial, resigned
- Goldman Sachs is to provide £100m of debt and equity financing to Neyber, a fintech start-up providing loans that are repaid out of people’s salaries. Neyber currently offers its loans through several companies including City Airport, Anglian Water and numerous NHS trusts, and is in talks to add some retailers
- Autonomous research has found that European, Canadian and Japanese lenders are lagging behind in using modern technology to cut costs and automate operations. Nordic and US banks did the best in its digitisation ranking of the 59 biggest developed market lenders. Lloyds Banking Group was named the UK lender with the most potential to perform better through digitisation
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