Ian Stuart, the chief executive of HSBC UK, has revealed that the bank faces relentless cyber-attacks, making cybersecurity its largest expenditure. He informed MPs during a Treasury select committee hearing
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British motorists are poised to receive automatic compensation payments following the Financial Conduct Authority’s (FCA) announcement of a comprehensive redress scheme addressing the motor finance mis-selling scandal. The regulatory body
The FTSE 250 lender Close Brothers has announced it will set aside up to £165 million in its first half to address potential legal and compensation costs amid the growing
A groundbreaking court ruling involving a £1,651 commission on a Suzuki Swift could trigger a devastating £13 billion compensation crisis for the car finance industry. Marcus Johnson, a 34-year-old factory
In a significant move, American banking giant Citi is poised to eliminate the bonus cap for its London-based investment bankers. This decision comes on the heels of the Conservative government’s
