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...
Odey Allegedly Told Staffer He Could ‘Attack’ Her After Alcohol-Fueled Lunch March 27, 2026 By Liza Tetley and Jonathan Browning Ex-hedge fund boss Crispin Odey cornered a female receptionist after an alcohol-fueled lunch and told her “I could attack you...
UK Litigation Funder Stung by Car Finance Saga Is Raising Cash Again February 17, 2026 By Constantine Courcoulas and Upmanyu Trivedi A UK litigation funder is seeking fresh capital less than six months after it liquidated a key fund, the latest...
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...
British Regulator Cracks Down on Home, Travel Insurers December 19, 2025 Britain’s financial watchdog on Thursday laid out its efforts to raise standards in the home and travel insurance market after...
Banks Rocked by ‘Extreme’ Car Loan Costs Gear Up for FCA Fight October 27, 2025 By Upmanyu Trivedi and Jamie Nimmo The UK’s biggest banks are gearing up for yet another fight with regulators over how they’ll compensate consumers who were...
British Motorists to Get £200 Million Compensation From Insurers September 19, 2025 By Marion Dakers British insurance companies are paying £200 million ($270 million) to compensate motorists whose claims were underpaid, the Financial Conduct Authority...
UK’s FCA Says Lenders Face Minimum £9 Billion Bill on Car Loans August 4, 2025 By Lucca de Paoli The UK’s Financial Conduct Authority will consult on a redress scheme to guide firms on how they should compensate motor...
Regulators Are Harming UK as a Financial Center, Lords Warn June 13, 2025 By Philip Aldrick A culture of risk aversion and mission creep among UK financial regulators is undermining trust and placing costly burdens on...
UK Watchdog Set to Ease Insurance Rules for Large Companies May 14, 2025 By Leonard Kehnscherper The UK markets watchdog is planning to pare its rules on how insurers can sell policies to large companies, the...