{"id":677,"date":"2008-07-12T23:13:00","date_gmt":"2008-07-12T23:13:00","guid":{"rendered":"https:\/\/abingdon.blog\/abingdon2007\/2008\/07\/12\/bank-closes\/"},"modified":"2008-07-12T23:13:00","modified_gmt":"2008-07-12T23:13:00","slug":"bank-closes","status":"publish","type":"post","link":"https:\/\/www.abingdonblog.co.uk\/?p=677","title":{"rendered":"Bank Closes"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.abingdonblog.co.uk\/images\/08071301.jpg\" \/><br \/><a href=\"http:\/\/www.london-scottish.com\/\">This Abingdon bank<\/a> has closed.<\/p>\n<p>Back in February <a href=\"http:\/\/www.reuters.com\/article\/rbssFinancialServicesAndRealEstateNews\/idUSL2614598220080226\">came the news<\/a> that the company would stop lending. <span style=\"font-style:italic;\">&#8220;Losses from loans made to lower-income consumers made its business model unsustainable.&#8221;<\/span> 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 <a href=\"http:\/\/www.crainsmanchesterbusiness.co.uk\/apps\/pbcs.dll\/article?AID=\/20080711\/FREE\/406450895\/-1\/breaking\/-\/-\/london-scottish-bank-seeks-ok-to-sell-subsidiary\">raise capital<\/a>, and now the really big news &#8211; The Abingdon branch has closed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Abingdon bank has closed. Back in February came the news that the company would stop lending. &#8220;Losses from loans made to lower-income consumers made its business model unsustainable.&#8221; 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-677","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=677"}],"version-history":[{"count":0,"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abingdonblog.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}