FirstRand increases its provisions for mis-sold UK motor loans to $993 million as the FCA investigates the auto finance ...

Shares in major motor finance lenders have risen after the UK watchdog finalised its compensation scheme, which has seen the ...

LLOYDS Banking Group is standing by its £1.95billion compensation pot for customers who may have been mis-sold car finance, ...

Legal challenges loom as lenders face a $12B UK car finance redress. FCA raises thresholds, narrows scope, and sets banks' ...

Close Brothers expects the motor finance redress scheme to cost it in the region of £320m, it said on Wednesday.

Millions of drivers are due compensation of around £829 for being mis-sold car finance between April 2007 and November 2024.

The FCA made a number of changes this week, compared to its original proposals ...

Britain's financial watchdog just dropped a massive compensation bomb. The Financial Conduct Authority said millions of car ...

LONDON, April 8 (Reuters) - Shares in Close Brothers surged 23% on Wednesday after the British specialist lender estimated its hit from ⁠the market regulator's 9.1 billion pound ($12 billion) bill for ...

LONDON, March 24 (Reuters) - Britain's Financial Conduct Authority (FCA) will update the market on March 30 about its plans for a multi-billion pound redress package for consumers affected by mis-sold ...

FirstRand, which owns Motonovo, says it plans to exit the UK market after the publication of what it describes as a “deeply ...