The Abingdon Blog

The Abingdon Blog is a photo record of events and places in Abingdon, Oxfordshire, started on January 1st 2006.

Sunday, 13 July 2008

Bank Closes

This Abingdon bank has closed.

Back in February came the news that the company would stop lending. "Losses from loans made to lower-income consumers made its business model unsustainable." Then came the news that they were trying to raise money by selling more shares to keep the business going. Since then bits of the business have been sold to raise capital, and now the really big news - The Abingdon branch has closed.


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