Wonga: Church of England finally severs financial links

Wonga: Church of England finally severs financial links
 

The Church of England held a £75,000 stake in the company through a complex series of venture capital funds. Photograph: Rui Vieira/PA The Church of England has finally cut its financial links with Wonga, the controversial payday lender, it was announced on Thursday.
The church commissioners for England said that their indirect exposure to Wonga in their investment portfolio had been removed. They "no longer have any financial or any other interest in Wonga" and said that the church had not made any profit from its stake in the lender.
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11 July 2014 in Business, Views: 36
Source: Guardian
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