London Scottish Bank Makes A Credit Crunch Loss

[Legal Beagles]

A bank which has specialised in lending money to people on low-incomes has become the latest victim of the credit crunch. London Scottish has been forced to revamp its business after posting a pre-tax loss last year.

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[Nattie]

Re: London Scottish Bank Makes A Credit Crunch Loss

Sometimes these things are not always important but on Channel 4 News website, London Scottish said: "2008 is expected to be a year of change, with subdued financial performance as the group restructures its lending divisions, particularly the unsecured consumer credit division, to refocus on its successful debt collection division Robinson Way."
"Beyond 2008, the directors believe that the group has an excellent future focussed on the further development of Robinson Way."

So all those who like to deal with Robinson Way, please put your hands up now.