Debt buyer Idem Capital has announced the acquisition of a portfolio from HSBC Bank. The buyer, which is part of the Paragon Group of Companies, has purchased a portfolio of non-performing personal unsecured and secured loans for £13.5m, which is being financed from Paragon’s cash reserves. Richard Woodman, managing director of Idem Capital, said: “Idem has firmly established itself in the mainstream of the debt purchase market, building on the funding strength of the wider Paragon Group and the efficiency of its conduct-focused servicing platform.”....Read more here