More trouble in the banking sector

Story link: More trouble in the banking sector

Any mention of unemployment is not a good sound to the UK economy’s ears, although if a company is just chopping back the minority to save the majority, then I suppose that could be classed as positive.

More trouble in the banking sector

UK firm Cattles, which offers loans to risky borrowers, is planning to cut 1,000 jobs after its business was hit by the effects of the credit crunch.
The sub-prime loans firm says it must cut costs as it expects its Welcome Finance personal lending arm to cut new business by three-quarters this year.