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NSF-Provident showdown heading for stalemate

NSF-Provident showdown heading for stalemate

The fumbling consolidation of the UK’s sub-prime lending market was never likely to prove fertile material for a Mexican stand-off. Showdowns, after all, must at best maintain the fiction of dramatic tension, and at worst avoid a lunge through the saloon doors with a promise to “achieve cost savings, revenue synergies and lower funding costs as well as the potential for capital returns over time from disposals and capital efficiency”.

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