OakNorth Execs Talk Current Business Outlook

Like a majority of companies, OakNorth is taking a fresh look at forecasts for 2020; Nick Lee, a senior executive spoke with Sifted to talk about how they’re thinking about 2020; he stated, “I would hope that we will be profitable [again] in 2020…But the magnitude of that profit will depend on the stresses that we see.” some analysts believe OakNorth is in a vulnerable spot as they begin to realize credit losses; their current loan book is £3 billion and is heavily weighted in property and construction; OakNorth has run 34 stress tests this year for different scenarios and their position is that the bank is still well capitalized; according to the company there weren’t a significant number of clients that they felt were in huge amounts of trouble. Sifted

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]