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The Latest Breaking News from FCA

Carlos Tavares resigns: Agnelli and Peugeot families take back control

A significant rift has shaken Stellantis, the world’s fourth-largest automaker. In a dramatic turn of events, the company’s board has summoned CEO Carlos Tavares, ultimately compelling him to step down.

The Conversation

Shein’s silence is farcical. It must answer fair questions if it wants a London listing

The fast-fashion retailer’s reluctance to disclose information about its supply chain in China won’t wash

The Guardian - UK

Close Brothers gets new boss amid looming crisis for car finance industry

Motor finance seller names Mike Morgan, a senior executive at the firm, as its new chief as potential compensation ruling nears.

Evening Standard

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It’s tough at the top – but which business leader has the most at stake in 2025?

From post and planes to TV, phones and retail chains – and even a central bank – here are the chiefs facing the most testing of times

The Guardian - UK

Top Forex Brokers A Guide to Finding the Best for Your Trading Needs

The forex market is one of the largest financial markets in the world, with a daily trading volume exceeding $6 trillion. This presents a vast opportunity for traders, but it also means that finding the right forex broker can be a challenge. ...

USA Today Sports Media Group

Crisis looms for motor finance industry ahead of crucial 2025 court decision

Some experts have raised the possibility that potentially millions of motorists could be eligible for a payout.

The Independent UK

‘Shockingly lax’: how soaring British bank Starling had its wings clipped

Launched as a challenger to traditional lenders, it profited from offering state-backed loans during Covid. But then the regulator came calling

The Guardian - UK

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City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at risk

The Guardian - UK

Stellantis Fined Millions for 'Unapproved' Diesel Emissions Cheat Device

The California Air Resources Board (CARB) and Fiat Chrysler Automobiles (FCA) reached a settlement regarding alleged violations of emission regulations for diesel engines. FCA will pay a fine of $4,185,820 for violating CARB air quality regulations in certain diesel-powered Ram ProMaster vans.

Motor1

Carlos Ghosn Can Save Stellantis

In 1998, Chrysler turned into Daimler-Chrysler, which morphed into FCA, and now, for some reason, it's called Stellantis. Whatever the name may be, the smallest member of Detroit's Big Three is seemingly in permanent need of a savior. For Stellantis, the highs are stratospheric, but the lows are somewhere in…

Motor1

Leading racehorse owner John Dance charged in ‘one of largest frauds ever investigated’

Dance, who owned six-time Group 1 winner Laurens and co-owned Cheltenham Gold Cup runner-up Bravemansgame, has been charged with nine criminal offences

The Independent UK

Watchdog gives lenders a year to respond to UK car finance complaints

Financial Conduct Authority sets 4 December 2025 deadline for handling rising number of customer queries

The Guardian - UK

City watchdog extends motor finance complaints deadline to next December

The extension follows a landmark Court of Appeal ruling in October.

The Independent UK

Racehorse owner John Dance charged with nine offences in ‘serious’ fraud probe

Dance is accused by the Financial Conduct Authority of transferring more than £64 million from client accounts.

Evening Standard

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Evening Standard

66% of young investors ‘take less than 24 hours to make investment decisions’

Some £550 is being spent on hyped investments on average, according to research for the Financial Conduct Authority.

Evening Standard

Private stock market Pisces moves forward as consultation launched

Pisces will allow investors to trade shares in private firms in a style similar to a public exchange like the FTSE 100.

The Guardian - UK

Economists and policy experts warn Reeves against City deregulation

Nobel laureate Joseph Stiglitz among 50 signatories of statement that points to risks to Labour’s wider aims

The Independent UK

Millions of people set to get more support with their pensions under new plans

A survey found 75% of over-45s do not have a clear plan for how to take money from their pension

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Evening Standard

Millions of people could get more support with their pensions under FCA plans

The Financial Conduct Authority expects to consult next summer on new rules to give pension savers targeted support.

The Independent UK

Finance watchdog warns ‘we can’t stop everything’ if chancellor’s plan unleashes more fraud

Chancellor Rachel Reeves used her speech to the City last month to say that regulation designed to avoid a repeat of the great financial crisis in 2007/8 had “gone too far”

The Guardian - UK

Supreme court grants permission for appeal against UK car finance ruling

Two lenders can challenge October decision that undisclosed commission paid to car dealers is unlawful

The Guardian - UK

Car finance scandal could be as big as PPI, City regulator says

FCA lawyer admits scale of compensation could be larger than first thought, and as big as PPI, which cost banks £50bn

Evening Standard

Cutting red tape could attract more bad actors in finance sector, says FCA boss

Nikhil Rathi told MPs on the Treasury Select Committee that there will be increased risk-taking as part of proposed changes by Government.

The Guardian - UK

Claims management companies circle after UK court ruling on mis-sold car finance

Specialist law firms and CMCs could be in line for massive payday with their cuts from consumer compensation

Evening Standard

Cutting finance red tape in pursuit of growth poses ‘top risk’ to consumers

Consumer groups warned MPs that a push for regulators to prioritise economic growth could do more harm than good for ordinary people.

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