This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Secure Trust Bank warns investors over UK car-finance ruling’s impact on profits

By Sofia Gerace ( November 1, 2024, 15:03 GMT | Insight) -- Uncertainty over the latest UK Court of Appeal ruling — which sided with customers in a car-finance complaint — continues to spread within Britain's lending industry. Secure Trust Bank told investors today that its profits are set to be lower than expected. Santander UK has delayed its third-quarter earnings publication, and Metro Bank has temporarily paused its activities.Secure Trust Bank has issued a profit warning following a car-finance ruling last Friday, which found it is unlawful for brokers to receive commissions from lenders over car-finance deals....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections