Vanquis Bank is part of the Vanquis Banking Group plc, a leading specialist bank in the UK. Here's an overview of the company: - Establishment and History: Vanquis Banking Group, formerly Provident Financial plc, was established in 1880 in Bradford, England. It was initially known as the Provident Clothing and Supply Company and has evolved over the years to become a major player in consumer finance[1][5]. - Business Operations: Vanquis Bank specializes in credit cards, loans, and consumer vehicle finance, primarily serving customers with sub-prime credit histories who may have been declined by mainstream lenders[5]. The group also offers fixed-rate and notice savings accounts under the Vanquis Savings brand[5]. - Subsidiaries and Brands: The Vanquis Banking Group includes several brands such as Vanquis, Moneybarn (for vehicle finance), and Snoop (a fintech brand offering free credit scores and financial insights)[1][4]. - Regulatory and Criticisms: Vanquis Bank has faced criticism and regulatory actions in the past, including fines for failing to disclose charges properly and criticism for offering products to vulnerable customers[5]. - Recent Developments: In January 2023, Provident Financial announced its rebranding to Vanquis Banking Group, which was completed on 2 March 2023[5]. In July 2024, the bank announced significant write-downs and issued warnings about its capital ratio targets[5].