Gilt yields stable ahead of crucial UK inflation data Economics The yield on the 10-year gilt crept lower on Tuesday afternoon, leaving it on track to break six days of consecutive rises.
S&U says Budget and motor finance scandal weighing on performance Banking S&U said the Budget and a scandal over motor finance commissions have dragged on the specialist lender’s financial performance. Anthony Coombs, a former Conservative MP who has been S&U’s chair for the last 16 years, argued Labour’s first Budget had “curtailed the sector’s growth ambitions and cast doubt over the new government’s plans to ‘Get [...]
To tackle fraud, it’s time to start paying whistleblowers Opinion A new offence of ‘failure to prevent fraud’ is a good start, but if we really want to stop this crime we need better incentives for whistleblowers, says Dr Alison Cronin Earlier this month the government published its guidance on the new corporate ‘failure to prevent fraud’ offence, from the Economic Crime and Corporate Transparency [...]
FCA could spend £20m on car loan probe after shock court ruling November 7, 2024 The Financial Conduct Authority (FCA) could splash £20m on the first stage of its review into car loan commissions, City AM can reveal, reflecting the scale of a scandal that may see lenders forced to pay billions of pounds in compensation.
Motor finance industry in crisis mode after landmark court ruling November 1, 2024 Motor finance providers are scrambling to avoid a full-blown market meltdown after a landmark London court ruling on "secret" car loan commissions sparked chaos across the sector.
Lloyds shares slump as analysts warn of £3.9bn motor finance bill October 28, 2024 Shares in Lloyds Banking Group and Close Brothers fell further on Monday after a landmark London court ruling that could expose motor finance providers to billions in extra compensation.
FTSE 100 today: London markets set to open higher ahead of BOE’s Pill and Mann speeches July 10, 2024 Asian markets are mixed as investors digest inflation reports from China and Japan. Attention is now on speeches by Fed and BOE policymakers.
China’s CPI inflation at three-month low in June, spurring economic stimulus talks July 10, 2024 China's consumer price inflation slowed to a three-month low in June, while producer prices remained in deflationary territory.
Wealth managers have lost a fifth of customers due to this issue July 4, 2024 Wealth managers are losing a fifth of customers due to poor complaint procedures, bringing into question the state of the colossal industry, a new study has revealed.
FTSE 100 today: London markets eye UK GDP for direction; US Fed policy decision key June 12, 2024 Asian markets hold steady despite Wall Street's record highs. Apple shares surge. All eyes on UK GDP, Fed rate decision, and US inflation.