The Anonymous Widower

Wonga Might Float in the US for $1.46billion

According to this report in the Telegraph, legalised loan shark, Wonga may float in the US for $1.46billion. Here’s the first paragraph.

The controversial company, criticised by the Office of Fair Trading and shadow business secretary Chuka Umunna, has discussed with investment banks the prospect of a float on the Nasdaq or New York Stock Exchange.

This company and the possible float, shows two of the worst faces of banking.

Let’s hope all the publicity, gets the government to do something about companies like this.

June 3, 2012 - Posted by AnonW | Finance | Wonga