{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
The UK's Financial Conduct Authority is contemplating extending the timeframe for banks to address customer complaints related to fixed commissions on auto loans. This consideration arises amid ongoing scrutiny of significant lawsuits involving Close Brothers Group Plc and FirstRand Ltd, both of which plan to appeal their recent losses.
The UK's Financial Conduct Authority plans to request the Supreme Court expedite its decision on two significant cases involving auto lenders Close Brothers Group Plc and FirstRand Ltd. These cases are crucial for the FCA's ongoing regulatory investigation into car finance practices, as both lenders intend to appeal their recent losses.
UK banks are facing potential payouts in the billions following a court ruling that deemed lenders insufficiently transparent regarding auto loans. Analysts from Citigroup Inc. suggest that the estimated £9 billion charge for the sector could double if the ruling influences broader motor financing practices in Britain.
FirstRand Limited
Companies
FCA considers extending response time for car loan complaints amid lawsuits
08:36 21.11.2024
FCA urges swift Supreme Court decision on auto finance cases
08:41 13.11.2024
uk banks face billions in payouts after auto loan court ruling
12:22 26.10.2024
Trending
Subcategory:
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Global Financial Events
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
European Securities and Markets Authority
Government Policies
CEO Changes
Financial Scams and Security
Private Equity Deals
Government Economic Policies
Domestic Politics
Central Bank Actions
Global Trade Developments
Workplace Trends
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People:
DEUTSCHE BANK AG
Barclays plc
Natwest
UBS AG
Berkshire Hathaway Inc.
MERCK KGaA
Lloyds Banking Group plc
Hsbc Holdings B.V.
HSBC Holdings plc
Rheinmetall AG
Banco Santander SA
Standard Chartered
Delivery Hero SE
Huawei Technologies CO. Ltd.
Wells Fargo & Company
ING Groep N.V.
Unicredit
adidas AG
Google Inc.
Dell Technologies Inc.
United States Dollar
Euro
British Pound Sterling
Indian Rupee
Swiss Franc
Hong Kong Dollar
Japanese Yen
South Korean Won
Chinese Yuan
Canadian Dollar
Saudi Riyal
Australian Dollar
Russian Ruble
South African Rand
Nicaraguan Córdoba
United Arab Emirates Dirham
Indonesian Rupiah
Qatari Riyal
Pakistani Rupee
Egyptian Pound
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.