Has Principal Financial Group stock ever split?
While the historic Provident Financial corporate group restructured its traditional doorstep lending subsidiary (Provident Personal Credit) and phased out high-cost consumer credit operations amid a wave of compensation complaints and regulatory scrutiny, the broader parent group did not entirely go bust. Instead, the parent organization rebranded as Vanquis Banking Group, successfully shifting its core business model away from legacy door-to-door lending to focus entirely on digital banking, credit cards, and specialized savings products.