The Financial Conduct Authority said Monday that it would go ahead with a £7.5 billion ($9.9 billion) motor finance redress program as it outlined how millions of consumers can claim compensation for wrongly sold car finance.
The Financial Conduct Authority said Monday that it would go ahead with a £7.5 billion ($9.9 billion) motor finance redress program as it outlined how millions of consumers can claim compensation for wrongly sold car finance.
A fashion retail outlet urged an appeals court Monday to block Russian proceedings by UniCredit aimed at taking some of its roughly €42 million ($50 million) property portfolio, arguing the matter needed to be dealt with via a Vienna arbitral tribunal.
German entrepreneur Lars Windhorst was given an 18-month suspended prison sentence after being held in contempt in a London court Monday for refusing to attend a hearing to provide evidence of his company's assets after it failed to pay €27 million ($31 million).
Britain's accounting regulator issued guidelines for audit firms on Monday outlining how they can benefit from generative and agentic artificial intelligence tools as well as cut associated risks to improve the quality and efficiency of audit work.
The Financial Conduct Authority said Monday that it has launched a joint taskforce with the Solicitors Regulation Authority and other regulators to tackle poor handling of claims for motor finance compensation by some claims management companies and law firms.
Permanent TSB confirmed on Monday that private equity houses Lone Star and Centerbridge have shown interest in a takeover after the government-owned Irish lender put itself up for sale in October.
The U.K.'s pension risk transfer market posted a record number of buy-in deals in 2025, even as the overall value of transactions fell from the previous two years because fewer blockbuster agreements were completed, Lane Clark & Peacock LLP said.
