Barclays cuts sub-prime loan products

Neil Radley, managing director of Barclays’ subprime unit FirstPlus, said the decision was made due to a drop in customer demand for the lender’s sub-prime products.

``In the past year we have tried a whole range of activities to develop our business but the market demand simply isn't strong enough,'' he said.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 09 July 2008