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The Latest Breaking News from Amigo

Amigo boss steps down as lender seeks lifeline before it runs out of cash

Kerry Penfold will immediately leave her role as chief executive and director of the publicly-listed company.

Evening Standard

Educator Edtech Review: AT&T amiGo Jr. Tab

The AT&T amiGo Jr. Tab gives educators control over their young students' digital content to target learning all from one app.

Tech&Learning

Edtech Show & Tell: May 2024

New edtech products that have caught our attention this month

Tech&Learning

From analysis to the latest developments in health,
read the most diverse news in one place.

Questions for Amigo as new adviser abandons interview

Has Amigo finally found a friend?

Evening Standard

The biggest corporate gaffes of 2023

It's that time of the year again. Here are 15 of the City desk's best corporate gaffes of 2023

Evening Standard

Amigo Loans handed small lifeline as it continues with liquidation

The Bournemouth-based company has signed an agreement with one of its shareholders to find new loans for the firm, which is in the process of winding down

Birmingham Post

Amigo Loans chief executive resigns from troubled lender’s board

The Bournemouth-based company is in the process of winding down ahead of being liquidated

Birmingham Post

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Amigo Loans to be liquidated after failing to raise survival cash

Those owed compensation will get 17p in the pound as sub-prime lender’s shareholders wiped out

The Guardian - UK

Amigo Loans to shut down with 500,000 customers affected - see how it impacts you

Launched in 2005, Amigo Loans specialised in subprime guarantor loans, which is where a borrower’s friends or family promises to pay back the loan if the borrower can't

Daily Mirror

Amigo Loans halts all lending as it plans to wind down business

The company will be liquidated once the wind-down is complete

Wales Online

Amigo Loans to be liquidated after failing to raise enough funds

Amigo Loans is set to be liquidated after the lender was unable to raise enough capital to continue trading.

Evening Standard

Sub-prime lender Amigo avoids £73m fine after claiming hardship

FCA finds company put customers at high risk of harm by failing to assess whether they could repay loans

The Guardian - UK

Amigo Loans swerves £73 million fine due to ‘financial hardship’

The scale of misconduct by Amigo Loans was laid bare today after the Financial Conduct Authority said it would have imposed a £73 million fine, were it not for the poor financial state the subprime lender was in.

Evening Standard

Bristol Light Festival 2023 confirms new installations including stunning underwater projection at harbourside

The art installation will be part of the Bristol Light Festival next month

Bristol Post

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Daily Mirror

Amigo Loans customers urged to make claim with just two days left before deadline

Thousands of Amigo Loans customers and their guarantors have just days to bring claims against the firm for unaffordable loans before the window closes completely

The Guardian - UK

Where will struggling households turn to after UK clampdown on payday lenders?

Market once dominated by Wonga has halved but some industry figures say there could be role for more tightly regulated sector

Evening Standard

Amigo learns lessons from FCA run in

Lender posts £170 million profit but moves quickly to explain anomaly

The Guardian - UK

More UK households are turning to high-cost lenders, says charity

Warning comes as Amigo plans lending comeback offering loan with annual interest rate of 49.9%

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news in one place.

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Edinburgh Live

Greedy West Lothian son spent his mum's money on Netflix, JustEat and a tan

Money was also going from his mum's account to subprime money lenders Amigo loans eating up her £1,121 monthly benefit payments as she lived in "sparse" conditions, the court heard.

Evening Standard

Amigo Loans shares plunge 40% as lender issues ‘this or nothing’ survival plan

Amigo Loans’ shareholders face a massive dilution of their holding under the struggling lender’s latest proposed survival plan.

People

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