UPDATE 1-UK payday lender Wonga falls to loss after overhaul

April 21, 2015 8:06 AM

55 0

* Warns 2015 will be tough, may seek new funding in 2016 (Adds details on funding plans, 2016 outlook)

LONDON, April 21 (Reuters) - Britain's biggest payday lender Wonga plunged to a loss in 2014 reflecting a major overhaul prompted by a decline in lending and a series of one-off costs.

Also read: The GOP's Obamacare 'Repeal-And-Delay' Plan Is A Slow Motion Disaster

Read more

To category page