63 h. ago Skint Glasgow student turns Vinted side hustle into £10k a month business

Scott Atkin was looking for some extra cash to pay for a car on finance when he realised he could make a monthly income.

Economics

9 d. ago First Brands wins court approval for $1.1bn rescue loan to avoid liquidation

Overnight negotiations between holdout creditors and the car parts company yield a breakthrough over financing terms

Events

1 week ago Martin Lewis urges millions of drivers who may be owed car finance compensation to act

Those affected could get payouts worth £700 eight months faster, the money guru says

Economics

1 week ago Martin Lewis shares car finance compensation amounts as FCA confirms payout timescale

A constellation on a redress scheme for 14 million people who took out car finance has been extended until December 12.

Economics

2 w. ago Santander demands Government action over FCA’s proposed motor finance compensation scheme

SANTANDER UK has scrapped its third-quarter results — demanding Government action over the FCA’s proposed motor finance compensation scheme. Boss Mike Regnier warned the plans could hit the car finance market and wider automotive sector, risking significant job losses. He called for changes to address “concern in the industry and market to the proposed Financial...

Politics

2 w. ago Why are banks criticising the car finance redress scheme and what happens next?

The PA news agency looks at what banks have said about the proposed scheme.

Economics

2 w. ago Santander scraps results and calls for Government action on motor finance

The Spanish-owned group raised fears that compensation scheme plans could impact the car finance market and wider motor sector.

Politics

2 w. ago Cost of car finance scandal could cause 'significant' hit to UK economy, Santander boss warns

The group's chief executive Mike Regnier said current proposals 'could significantly impact jobs, growth and the broader UK economy'.

Events

2 w. ago Santander halts results and calls for Government action on motor finance

The Spanish-owned group raised fears that compensation scheme plans could impact the car finance market and wider motor sector.

Politics

3 w. ago AD FEATURE: Drivers may be able to reclaim money from past car finance agreements

Complex Law offers eligibility checks for anyone who thinks they may be entitled to compensation

Economics

3 w. ago Lloyds shares flat despite 36% profit slide on car finance scandal in ‘quarter to forget’

“This has turned out to be something of a quarter to forget for Lloyds” – Richard Hunter, Interactive Investor

Economics

3 w. ago Lloyds mulls legal action over £11bn car finance scandal payout proposals

Lloyds saw earnings plunge 36 per cent over the last quarter after the lender ramped-up cash set aside for payouts related to the car finance commissions scandal.

Economics

3 w. ago FTSE 100 Live 22 October: Inflation surprise lifts stocks, Barclays rallies despite car loans redress

Rachel Reeves was handed a pre-Budget boost today as the rate of inflation unexpectedly remained unchanged at 3.8% in September.

Economics

3 w. ago FTSE 100 Live 22 October: Inflation surprise lifts index, Barclays rallies despite car loans impact

Rachel Reeves was handed a pre-Budget boost today as the rate of inflation unexpectedly remained unchanged at 3.8% in September.

Economics

3 w. ago Barclays earnings dip after raising car finance compensation bill to £325m

The banking group made a pre-tax profit of £2.1 billion for the third quarter, between July and September, down 7% on the prior year.

Economics

3 w. ago Barclays profits fall as bank sets aside further £235mn for car finance payouts

London-listed bank announces £500mn share buyback and slightly increases 2025 guidance

Economics

3 w. ago Barclays suffers £110mn hit from Tricolor collapse as bank’s profits fall

London-listed lender announces £500mn share buyback even as it sets aside further £235mn for UK car finance payouts

Economics

3 w. ago More banks hit out at £11billion car finance compensation plan

Both Bank of Ireland and Secure Trust Bank were also forced to significantly ramp up provisions set aside for compensation.

Economics