Subprime Lending Returns to the U.K.
Three years after defaults on U.S. subprime mortgages sparked a devastating financial crisis, lending to borrowers with less-than-perfect credit histories is making a comeback in Britain. General Electric’s GE Money unit and Investec’s Kensington division have started lending to customers rejected by mainstream banks. This time they say their loans are for less money and are going to clients …

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