Very Group cuts ties with HSBC after 10 years

The Very Group has replaced HSBC as the bank running its customer loan portfolio worth around £1.8bn.
The Barclay family-owned online retailer has handed over responsibility after 10 years to NatWest to run the securitisation of its buy now, pay later offer, The Times reported.
About 90% on Very are made through customer loans and the group repackages the loans into a securitisation facility that has been active for more than twenty years. Related StoryVery Group Christmas sales boosted by