CONSUMER lender Cattles is to raise £200m in a rights issue to support an application for a banking licence and funding diversification.The Leeds-based group already successfully raised a similar sum in February for new bank facilities, the second tranch of which it will receive this month. Cattles said that although it had been strongly supported in the bank and bond markets for many years and that business was strong, the credit crunch had illustrated the “desirability” of diversified fundings.The rights issue,......for the full story register now for free or login below...