Treasury launches £120m London Capital & Finance redress scheme

Treasury launches £120m London Capital & Finance redress scheme | Peer2Peer Finance News

London Capital & Finance (LCF) investors are to get 80 per cent of their money back after the Treasury stepped in to compensate bondholders who lost out after the collapse of the mini-bond firm. More than 11.000 LCF investors were left with £237m in losses when the mini-bond provider entered into administration in January 2019. […]

London Capital & Finance (LCF) investors are to get 80 per cent of their money back after the Treasury stepped in to compensate bondholders who lost out after the collapse of the mini-bond firm.More than 11.000 LCF investors were left with £237m in losses when the mini-bond provider entered into administration in January 2019.

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