Banker bonuses to be paid faster after UK regulators loosen rules Bank of England and Financial Conduct Authority reduce deferral period from eight years to four The Guardian - UK · Oct 15, 2025
UK banker bonuses to be paid faster under shake-up of rules The amount of time that bankers must wait before receiving the full amount of their bonus will be cut in half from eight years to four years. Evening Standard · Oct 15, 2025
Close Brothers nearly doubles expected bill for car loan redress to £300m The banking group told investors it was adding around £135 million to its existing £165 million provision. Evening Standard · Oct 14, 2025
Millions will get a windfall over car finance. Research helps us understand what they’ll do with it Millions of motorists across the UK could be in line for payments of around £700 after car dealers mis-sold finance to earn commission. Finance providers stand to lose billions compensating consumers after the scandal. The Conversation · Oct 13, 2025
Lloyds challenges car loan compensation bill as it warns of £2bn hit The high street banking giant raised concerns about the Financial Conduct Authority’s calculations for how much consumers lost out. Evening Standard · Oct 13, 2025
Lloyds warns motor finance scandal could cost it nearly £2bn as bill rises Banking group puts aside extra £800m for compensation claims amid potential for more ‘historical cases’ The Guardian - UK · Oct 13, 2025
BMW Seeks Meeting With Rachel Reeves — Can Chancellor Find Middle Ground in £11BN Row? BMW wants to meet with Chancellor Rachel Reeves as criticism rises over the FCA compensation scheme. International Business Times UK · Oct 13, 2025
Lloyds lifts motor finance provision to almost £2 billion Lloyds, the biggest player in the motor finance sector through its Black Horse division, had already put aside £1.15 billion Evening Standard · Oct 13, 2025
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. Evening Standard · Oct 13, 2025
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 The Independent UK · Oct 13, 2025
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. Evening Standard · Oct 13, 2025
Andrew told Epstein ‘we are in this together’ as Giuffre photo emerged – reports Andrew previously told the BBC that he broke off his friendship with the sex offender in December 2010. Evening Standard · Oct 12, 2025
Carmakers brace for big payouts over loans scandal after FCA consultation Financial Conduct Authority proposes manufacturers’ finance arms foot nearly half of £11bn compensation bill The Guardian - UK · Oct 10, 2025
FTSE 100 falls from record highs as Lloyds and HSBC struggle The FTSE 250 ended up 11 points, 0.1%, at 22,052.83. Evening Standard · Oct 9, 2025
Evening Standard · Oct 9, 2025 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.
Evening Standard · Oct 9, 2025 Lloyds warns of ‘material’ extra provision needed for car finance payouts Lloyds has significant exposure to the car finance industry.
The Guardian - UK · Oct 8, 2025 The car finance scandal payouts: what does ruling mean and how much compensation could you get? From how much will I get to when will I be paid? All you need to know about the FCA’s motor finance scheme
Evening Standard · Oct 8, 2025 Car finance mis-selling: Am I eligible for compensation, and what do I do? Millions of motorists could be in line for compensation from their lender.
Evening Standard · Oct 8, 2025 Shares in UK lenders rise after watchdog softens car loan compensation costs Lloyds Banking Group, Close Brothers Group, and Barclays shares were all moving higher on Wednesday morning.
International Business Times UK · Oct 8, 2025 FCA Car Finance Compensation Scheme: Why Millions Might Miss Out — and How to Make Sure You Don't The FCA will launch a major car finance compensation scheme in 2025, refunding drivers mis-sold loans since 2007. Acting early could secure your share of the payout.
International Business Times UK · Oct 7, 2025 Car Loan Payout Frenzy Triggers UK Regulatory Backlash UK regulators have launched a sweeping crackdown on law firms and claims companies amid a surge in car finance compensation cases, following a Supreme Court ruling on undisclosed commissions.
Evening Standard · Oct 7, 2025 Millions of motorists to be paid compensation over car finance scandal Compensation for unfair motor finance deals will be paid out at around £700 each, the Financial Conduct Authority has said
The Guardian - UK · Oct 7, 2025 Car loan scandal victims may get average £700 payout from 14m loans, FCA says City regulator unveils compensation scheme for motorists who bought cars via discretionary commission deals from 2007 to 2024
Evening Standard · Oct 7, 2025 Compensation payouts due on 14m unfair car loans, watchdog says The Financial Conduct Authority estimated its redress scheme could cost lenders £8.2 billion in compensation.
The Independent UK · Oct 7, 2025 Millions of drivers to get £700 compensation from car mis-selling scandal Motor finance firms broke the law by not properly informing customers about commission paid by lenders to car dealers