The Latest Breaking News from FCA

Industry and Treasury hold urgent talks after court of appeal rules consumers were mis-sold loans

Some analysts say court of appeal ruling on mis-selling could cost the bank £1.1bn

For at least a few days, the manufacturing facilities at FCA's large Detroit Assembly Complex—Jefferson will fall silent. Stellantis notified workers of a temporary shutdown and subsequent layoffs today, according to a report from Mopar Insiders. The shutdown will occur this week.

Lender holds about £15bn in loans through Black Horse and could have to pay compensation for mis-selling

Kristo Käärmann failed to notify City regulator of fine from HMRC related to share sale

Fintech boss failed to tell the FCA about his earlier fine from HMRC for failing to disclose a CGT liability

The Financial Conduct Authority said Kristo Kaarmann failed to initially notify the regulator about a previous tax issue and fine.

Judges in test case rule it was unlawful for lenders to pay commission to car dealers without borrowers’ knowledge

Watchdog found 40% rise in alleged bad behaviour, including sexual harassment and bullying, last year

After a sharp rise in misconduct claims, Treasury Committee chief Dame Meg Hillier said that culture at finance firms may be ‘going backwards’.

A total of $28 million will go to customers in the United Kingdom. The company will also pay a $6.9 million fine to the UK government.