Finance News – Motor Finance
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Motor finance: ‘Nothing is certain’ as banks await historic ruling
The upcoming Supreme Court decision is expected to have a major impact on lenders, introducing potential changes that could significantly influence the financial landscape within t...
Read Full Article →UK bank profits in focus as lenders await critical motor finance court ruling
The forthcoming court decision regarding motor finance may impact UK banks’ earnings, as investors anticipate the half-year reports beginning with Lloyds and NatWest later this wee...
Read Full Article →Motor finance drags FOS complaints to highest since PPI scandal
The rise in complaints related to motor finance significantly contributed to a substantial increase in overall cases handled by the Financial Ombudsman Service, reaching levels not...
Read Full Article →Secure Trust Bank: Jobs at risk as lender exits motor finance
By discontinuing new loans in its vehicle finance sector and gradually reducing its current portfolio, Secure Trust Bank aims to improve profitability but may face workforce reduct...
Read Full Article →Crypto exchange to tokenise motor finance claims
Bitfinex Securities announced a £100 million tokenised equity offering aimed at supporting legal actions related to the motor finance sector, highlighting a novel approach to fundi...
Read Full Article →Motor finance woes could make Close Brothers the next takeover target
Close Brothers’ challenges in the motor finance sector, combined with increased regulatory scrutiny, have raised concerns among analysts about its potential vulnerability to acquis...
Read Full Article →S&U shake off motor finance woes as verdict looms
The company demonstrated improved financial performance early in the year, reinforcing confidence in its ongoing recovery efforts despite previous challenges within the motor lendi...
Read Full Article →FCA: Motor finance redress scheme must keep market afloat
The proposed compensation program for the motor finance sector aims to maintain market stability while protecting consumer interests, highlighting its critical role in supporting t...
Read Full Article →Paragon Bank: Stamp duty boost offsets motor finance provision
Paragon Banking Group’s first-half earnings improved due to higher lending activity and a positive impact from property transaction taxes, which helped counterbalance costs related...
Read Full Article →Motor finance: How rough a ride are Close Brothers in for?
Close Brothers is facing financial pressure as increasing expenses and declining loan portfolios challenge its stability, while an important regulatory decision could significantly...
Read Full Article →Close Brothers shares drop as costs rise from motor finance threat
Close Brothers reported increased operational costs during the third quarter, with net expenses rising to £13.9 million, reflecting ongoing challenges linked to its motor finance a...
Read Full Article →Lloyds Bank boss: No evidence of harm in motor finance scandal
The motor finance controversy has prompted regulatory scrutiny of Lloyds Bank’s past lending practices, highlighting potential risks but so far not revealing financial damage to th...
Read Full Article →Banking complaints rocket amid motor finance backlash
The sharp increase in customer grievances during late 2024 highlights growing challenges within financial services, potentially impacting consumer trust and prompting closer regula...
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