Executives Take Pay Cuts Over Staff Misconduct at Prudential Japan October 9, 2026 By Taiga Uranaka and Nao Sano Top executives at Prudential Financial Inc.’s Japan unit will take pay cuts after a panel of outside experts issued a...
Volkswagen Sets Aside £725 Million for UK Car Finance Payout October 7, 2026 By Jamie Nimmo and Upmanyu Trivedi The UK financing arm of Volkswagen AG has made a £725 million ($960 million) provision to cover the costs of...
British Hedge Fund Founder Odey Loses Appeal Against Industry Ban September 15, 2026 By Sam Tobin Former hedge fund manager Crispin Odey lost his appeal on Monday against an industry ban for hampering an internal disciplinary...
Lloyd’s of London Says Former CEO Neal Breached Compliance Rules July 22, 2026 By Leonard Kehnscherper Lloyd’s of London said former Chief Executive Officer John Neal breached its compliance rules after failing to disclose a close...
Banks Face Extra £6B Cost if Motor Finance Compensation Plan Is Thrown Out: UK’s FCA June 9, 2026 By William Shaw Lenders that mis-sold car finance would risk spending £6 billion ($8 billion) more if they reject the official compensation program...
Odey Settles Sexual Assault Cases Ahead of London Trial May 14, 2026 By Jeremy Hodges and Upmanyu Trivedi Hedge fund boss Crispin Odey has settled a handful of personal injury claims brought by women claiming sexual assault. Odey...
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...
Prudential Japan Pledges Reforms After Widespread Misconduct January 23, 2026 By Nao Sano and Taiga Uranaka Prudential Financial Inc.’s Japan insurance head vowed to bolster governance after revelations that improper actions by more than 100 current...
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...