Prudential Japan Pledges Reforms After Widespread Misconduct January 23, 2026 By Nao Sano and Taiga Uranaka Prudential Financial Inc.’s Japan insurance head vowed to bolster governance after revelations that improper actions by more than 100 current...
British Regulator Cracks Down on Home, Travel Insurers December 19, 2025 Britain’s financial watchdog on Thursday laid out its efforts to raise standards in the home and travel insurance market after...
Banks Rocked by ‘Extreme’ Car Loan Costs Gear Up for FCA Fight October 27, 2025 By Upmanyu Trivedi and Jamie Nimmo The UK’s biggest banks are gearing up for yet another fight with regulators over how they’ll compensate consumers who were...
UK Car Finance Industry Faces $11 Billion-$13 Billion Mis-Selling Hit October 8, 2025 By Kirstin Ridley and Phoebe Seers Britain’s motor finance industry is on the hook for 8.2 billion to 9.7 billion pounds ($11 billion-$13 billion) to compensate...
Lenders Get Reprieve in UK Motor Finance Case From Top Court August 1, 2025 By Jonathan Browning, Lucca de Paoli and Upmanyu Trivedi A group of lenders won a major reprieve in a pivotal UK car finance case, after the country’s top judges...
Lloyd’s of London Trade Body Examines Planned Conduct Overhaul December 16, 2024 Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its...
FCA Says Ex-Barclays CEO Staley Misled it Over Epstein Contacts During Probe November 19, 2024 Ex-Barclays CEO Jes Staley gave misleading answers to Britain’s Financial Conduct Authority about his dealings with Jeffrey Epstein when it...
Police Summon Aviva India CEO in Discrimination Case, Company Denies Allegations October 30, 2024 By Arpan Chaturvedi and Aditya Kalra Indian police have summoned Asit Rath, the chief executive of British insurer Aviva in the country, as part of an...
Harassment Claims Soar at City Firms in Wake of Odey Scandal October 25, 2024 By Jonathan Browning City firms reported a 72% surge in non-financial misconduct complaints over the last three years following a string of high-profile...
Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct September 12, 2024 Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial...