Lloyds Banking Group has unveiled plans to cut costs by £2 billion through a new four-year strategy centred on artificial intelligence, digital investment and productivity gains.
Legal challenges mount against FCA motor finance scheme
The Financial Conduct Authority has confirmed its intention to defend the motor finance compensation scheme against a series of legal challenges initiated by both lenders and consumer advocacy groups. The
FCA scheme sees average £830 payout for car finance claims
The Financial Conduct Authority has published final details of a significant compensation scheme addressing systemic mis-selling within the UK car finance market. The scheme will deliver an average payout of
£80m wiped off British companies after Bitcoin bets
British companies that rushed into the Bitcoin boom have collectively lost almost £80m after a sharp slump in the cryptocurrency’s price.
Social media is piling pressure on rookie investors
The UK’s financial regulator has launched a new tool to help protect consumers from the surge in investment and pension scams, after an estimated 800,000 people reported losing money in
Motor finance complaint reviews to resume next May, says FCA
The Financial Conduct Authority has confirmed it will resume handling motor finance complaints on 31 May 2026, bringing an end to a pause that will have lasted nearly two years.
Lloyds stung by car finance scandal — £800m more set aside
Lloyds Sets Aside Additional £800m for Motor Finance Compensation, Taking Total to Nearly £2bn
City Regulator Unveils Compensation Scheme Offering Motorists Average £700 Payout
The Financial Conduct Authority (FCA) has unveiled long-awaited plans for a compensation scheme for motorists who bought cars through discretionary commission arrangements (DCAs) between 2007 and 2024, following one of
Motorists Set for £740 Compensation Following Car Insurance Scandal
More than 270,000 motorists are in line for compensation worth around £200m after insurers were found to have unfairly reduced claim settlements.
Drax Hit by FCA Probe Into Biomass Sourcing Amid Greenwashing Claims
The owner of Britain’s largest renewable power station is under scrutiny after the Financial Conduct Authority (FCA) launched an investigation into its biomass practices.
Admiral Sets Aside £50m for Car Claims Redress Amid FCA Probe
Admiral, one of the United Kingdom’s largest motor insurers, has allocated £50 million to compensate customers who received unfair settlements for stolen or written-off vehicles. In half-year financial results released
Lloyds Reaffirms £1bn+ Payout Expectation in Motor Finance Scandal
Lloyds Bank has confirmed it still expects to pay more than £1 billion in compensation linked to the motor finance scandal, despite the Supreme Court’s ruling on Friday.