Complex prime is the new subprime for U.K. orrowers

2010-05-20T08:16:00

Three years after defaults on U.S. subprime mortgages sparked the worst financial crisis in almost 80 years, General Electric Co.’s GE Money unit and Investec Plc’s Kensington division are once again lending to British customers rejected by mainstream banks. This time, they say they’re offering less money to clients with ...

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