Car finance providers are stepping up efforts to limit the £11bn compensation scheme proposed by the Financial Conduct Authority, warning that its current scope could significantly undermine the sector’s profitability and reduce the availability of consumer credit. The scheme, which covers deals from 2007 to 2025, targets discretionary commission deals in which consumers were unaware…
Benzinga and Yahoo Finance LLC may earn commissions or revenue on some articles through the links below. Bitcoin is too risky to be included in investors’ portfolios, says the UK’s largest retail investment platform. “Bitcoin has experienced several periods of extreme losses and is a highly volatile investment, much riskier than stocks or bonds,” $225…
Britain’s Financial Conduct Authority (FCA) said it is closely monitoring the fallout from the collapse of US auto parts maker First Brands Group, warning that the case underlines growing risks in the rapidly expanding private credit market and its potential implications for the UK financial system. The FCA described the implosion of First Brands, along…
