56 h. 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

66 h. 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 d. 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

1 week 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

1 week ago I took Martin Lewis advice to swap 'demon' appliance hiking energy bills and I'll never look back

It's saved me a fortune since I bought it last winter

Science

1 week 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

1 week ago Martin Lewis advice could lead to free £400 'before Christmas'

The MoneySavingExpert's founder called it 'a legal bribe' with a December 9 deadline

Economics

2 w. ago Martin Lewis says to stop using 'demon appliance' that spikes bills

Martin Lewis has shared advice on how to keep energy bills down during the winter months as Brits brace for freezing temperatures

Politics

2 w. ago Close Brothers issues major update on expected car finance compensation bill

It comes a day after Lloyds Banking Group announced they would be challenging the proposed scheme

Economics

2 w. ago Lloyds blasts FCA over car loans bill: Bank launches fightback after admitting scandal has left it facing £2bn hit

Lloyds, which is on the hook for almost £2bn over the motor finance scandal, accused the FCA of botching the design of the compensation scheme.

Economics

2 w. ago Car finance compensation explained as millions of Brits could be owed money

Millions of drivers could be due an average of 700 each after the Financial Conduct Authority said it will set up a compensation scheme for those who may have been mis-sold car finance

Economics

2 w. ago Lloyds Bank to challenge car finance compensation scheme after £2bn estimation

The financial services company is pushing for a fairer redress system

Economics

2 w. ago FTSE 100 Live 13 October: Lloyds shares up despite new provision, miners lift index

Lloyds Banking Group today made a big increase to the amount it will need to cover motor finance mis-selling compensation.

Politics

2 w. ago Lloyds warns car finance compensation could cost it nearly £2bn due to historic cases

Most of the car finance deals covered by the FCA’s scheme involve DCAs

Economics

2 w. ago FTSE 100 Live 13 October: Lloyds lifts car finance provision, mortgage rates rise

Lloyds Banking Group today made a big increase to the amount it will need to cover motor finance mis-selling compensation.

Economics

2 w. ago Lloyds warns car finance compensation scheme could cost it nearly £2bn

The banking group said it was expecting there to be a higher number of historical motor finance agreements that are eligible for redress.

Economics

2 w. ago Car finance compensation explained as millions of drivers owed £700

Consumer champion Martyn James explains everything you need to know about the car finance scandal, as millions of drivers are owed compensation

Economics

3 w. ago Lenders warn of bigger hit to finances from £11bn car loan compensation plan

Lloyds Banking Group and Close Brothers both said they were expecting to have to put aside more money to cover costs related to the mis-selling saga.

Events

3 w. ago FTSE 100 Live 09 October: HSBC and Lloyds weigh on index, top banker issues warning

Lloyds Banking Group today warned an additional provision in relation to motor finance mis-selling compensation may be material.

Events

3 w. ago Lloyds admits £1.2bn set aside for car finance compensation may not be enough

Lloyds Banking Group has warned the £1.2billion it has set aside for potential compensation payouts related the motor finance commissions scandal may not be enough.

Economics