UK Motor Finance Scandal to Cost Lenders $12 Billion April 2, 2026 By Kirstin Ridley and Phoebe Seers The motor finance industry must pay around 9.1 billion pounds ($12 billion) to compensate UK motorists for unfair vehicle loans...
Bank of England Says Iran War Has Boosted Threats to Financial Stability April 1, 2026 By David Milliken and Phoebe Seers The Bank of England said on Wednesday that the Iran war had dealt “a substantial negative supply shock” to the...
Britain Needs ‘AI Stress Tests’ for Financial Services, Lawmakers Say January 20, 2026 By Phoebe Seers Britain’s financial watchdogs are not doing enough to stop AI from harming consumers or destabilizing markets, a group of lawmakers...
UK Regulators Agree Deal to Coordinate With EU on Critical Third-Party Tech Providers January 15, 2026 By Phoebe Seers and Lawrence White British financial regulators, including the Bank of England, have signed an outline deal with their European counterparts to enhance cooperation...
UK Car Finance Industry Faces $11 Billion-$13 Billion Mis-Selling Hit October 8, 2025 By Kirstin Ridley and Phoebe Seers Britain’s motor finance industry is on the hook for 8.2 billion to 9.7 billion pounds ($11 billion-$13 billion) to compensate...