Friday, Mar 23, 2007
BTL lender Kensington's profits dwindle, boss quits.
Bloomberg: Kensington CEO Maltby Quits; Net May Miss Forecasts
CEO Maltby had catered to households that refinance debt to reduce payments. Still, profit has been hurt by rising bad debts and competition from HBOS. Kensington shares dropped 23 percent.
Posted by macgregor @ 11:01 AM (158 views) Add Comment
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