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New Finance Director to join The Nottingham
Thursday, 13 April 2017
The Nottingham Building Society (known as The Nottingham) is delighted to announce the appointment of Dan Mundy as Finance Director (subject to final regulatory approval). He succeeds Ashraf Piranie who recently left the society to join West Bromwich Building Society. 
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The Money Statistics April 2017
Thursday, 13 April 2017
Striking numbers
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THE MONEY STATS – 30 years to save a deposit?
Wednesday, 12 April 2017
We hear all the time about hose rising prices. But our Money Statistics find that it’s also historically low saving rates and negligible returns on deposits that make home ownership an ever more distant dream for many. 
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Charles Counsell appointed chief executive of the Money Advice Service
Tuesday, 11 April 2017
Charles Counsell is to be the new Chief Executive of the Money Advice Service it was announced today.  The appointment was made by the Financial Conduct Authority and approved by HM Treasury. 
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Society helping to put safety first at local bowls club
Monday, 10 April 2017
Earl Shilton Building Society is supporting a local bowls club in their efforts to raise funds for the installation of a defibrillator.  
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George Banco announces new non-executive director
Monday, 10 April 2017
George Banco has appointed Peter Behrens, co-founder and Chief Operating Officer of peer-to-peer lending platform RateSetter, to its board as a non-executive director. George Banco is a personal finance provider that is shaking up the guarantor lending market. 
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Elevate Announces Pricing of Initial Public Offering
Monday, 10 April 2017
Elevate Credit, Inc. (“Elevate” or the “Company”) today announced the pricing of its initial public offering of 12,400,000 shares of common stock at a price to the public of $6.50 per share. In addition, Elevate has granted the underwriters a 30-day option to purchase up to an additional 1,860,000 shares. The Company’s stock is expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol “ELVT” on Thursday, April 6, 2017. The offering is expected to close on April 11, 2017, subject to customary closing conditions. Net proceeds to the Company, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us, will be approximately $69 million, or $81 million if the underwriters’ option to purchase additional shares is exercised in full. The Company will use approximately $15 million of the net proceeds to repay a portion of the outstanding amount under its convertible term notes, approximately $53 million of the net proceeds to repay a portion of the outstanding amount under its financing agreement and the remainder, if any, for general corporate purposes, including to fund a portion of the loans made to its customers. Victory Park Capital, one of the Company’s lenders, has agreed to acquire 2.3 million shares in the offering at the public offering price. 
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Consumer car finance volumes down 2% in February
Friday, 07 April 2017
New figures released today by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market reported new business volumes down 2% in February, compared with the same month in 2016, while the value of new business was up by 2% over the same period.
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Quieter month for consumer finance market in February
Friday, 07 April 2017
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell 3% in February, compared with the same month in 2016.
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Meniga Raises €7.5M Equity Round to Advance Personalisation in Digital Banking
Friday, 07 April 2017
Meniga, a leading provider of digital banking technology for the world’s largest banks, raises a €7.5M funding round led by Nordic venture capital investor Industrifonden. Other participants in the round include current investors Velocity Capital, Frumtak Ventures and Kjolfesta.
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Oakam Brings Gamification and Rewards to Consumer Finance with New Mobile App Feature, Oakam Grow
Friday, 07 April 2017
Oakam has enhanced its mobile app with the launch of Oakam Grow, a new feature that uses gamification to make consumer finance more engaging, rewarding and inclusive. Oakam Grow builds on the UK-based consumer lender’s application of behavioural science to encourage the development of positive credit habits, and supports its strategy to bring digital disruption to the largely analogue micro-credit industry.
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