Santander to spin off motor finance division from UK business April 22, 2025 Santander is poised to spin off its litigation-hit motor finance division as part of a major overhaul of its UK operations. The Spanish lender has sought permission from regulators to separate its car loan business, which is facing a near-£300m payout as part of the ongoing motor finance scandal, from the rest of its British [...]
Ford on the hook for £61m in motor finance scandal April 22, 2025 Ford has set aside as much as £61m as it becomes the latest company to be stung by the motor finance scandal. The American car manufacturer’s subsidiary FCE Bank made the provision for its British motor finance division in its latest accounts. The Essex-based FCE Bank said the provision reflected “estimated economic outflow” should a [...]
Thousands march in protest at Supreme Court ruling on definition of a woman April 19, 2025 Thousands of trans rights protesters have marched through central London days after a Supreme Court ruled on the definition of a woman. Supporters, trade unions and community organisations came together for what was billed as an “emergency demonstration” which started in Parliament Square before heading towards St James’s Park. Activists demanded “trans liberation” and “trans [...]
Has the English court unlocked diplomatic immunity problems for the UK? April 17, 2025 Diplomatic immunity is under the spotlight after several embassies found themselves before UK courts and saw their immunity stripped away
Sports bodies have ‘no excuses’ after Supreme Court trans ruling April 16, 2025 A human rights charity has said sports bodies have “no excuses” over the continuation of transgender women in female sporting categories. It comes after a landmark ruling in the UK’s Supreme Court in London, which found that a gender recognition certificate (GRC) does not change the legal sex of a person under the 2010 Equality [...]
Employers should review policies as court rules definition of a woman is based on biological sex April 16, 2025 Trans women previously could be counted in female quotas on public boards, but this will no longer be the case after the landmark Supreme Court ruling.
Supreme Court rules Equality Act applies to biological women April 16, 2025 The highest court in the UK has rules that a trans women are not “women” under the Equality Act
Barclays, NatWest, Citibank, JPMorgan: Major British banks take forex rigging case to Supreme Court April 1, 2025 Central British banks, including Barclays and NatWest, will be at the Supreme Court today, aiming to overturn a decision in the forex rigging case.
Motor finance: Insurance industry nervously watches legal battle March 31, 2025 As the lenders brace for the start of a high-profile legal battle on Tuesday, the insurance industry lurks in the sidelines
Motor finance: Lloyds, Close Brothers and Santander brace for ‘shockwaves’ March 31, 2025 Judgement day nears for some of the UK’s biggest lenders as the motor finance scandal heads to the country’s highest court this week. The Supreme Court will decide whether to uphold the Court of Appeal’s October ruling that it was unlawful for banks to pay a commission to a car dealer without the customer’s informed [...]