Tuesday, 01 September 2026 · World
USD/EUR 0.8614 USD/GBP 0.7384 USD/JPY 159.8 USD/CNY 6.736 All rates →
RSS
EUROS The World Financial Report
Nº 52 Tuesday, 01 September 2026 · World Edition
LATEST
Front Page

Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme

Business | The Guardian · 1h ago
Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme

FCA chief, Nikhil Rathi, warned of ‘adverse consequences’ if challenge made to settlement, court filings allege The boss of the UK’s financial regulator is accused of threatening a consumer group with “adverse consequences” if it blocked a £9.1bn compensation scheme meant to settle the motor finance scandal . Legal documents reviewed by the Guardian said the alleged comments by the Financial Conduct Authority (FCA) chief executive, Nikhil Rathi, amounted to “an inappropriate intervention by a public official”. Continue reading...

Read the full story at Business | The Guardian →