Lloyds bank 'assessing impact' of car finance ruling
The Guardian|October 29, 2024
Lloyds Banking Group has said it is assessing the potential impact of a landmark court ruling over car finance mis-selling on Friday, which may lead to lenders paying out billions of pounds in compensation to borrowers.
Kalyeena Makortoff

The bank, which is the most exposed among high street lenders and holds about £15bn in car loans through its Black Horse division, stopped short of offering any guidance on how much it may be forced to put aside to handle potential payouts. However, Lloyds said it would update the market "if and as appropriate".

The court of appeal ruled in favour of three borrowers on Friday, saying it was unlawful for lenders to have paid a commission to car dealers without the borrowers' knowledge.

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Patience finally snapped at Old Trafford after bosses grew tired of the excuses
The Guardian

Patience finally snapped at Old Trafford after bosses grew tired of the excuses

There were plenty of times over the past 14 months when sacking Erik ten Hag would have been justified but Manchester United clung on in the hope he could somehow turn things around.

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3 mins  |
October 29, 2024
Ten Hag saga is major black eye for Ineos as United's brand is dying
The Guardian

Ten Hag saga is major black eye for Ineos as United's brand is dying

Ratcliffe now has a hugely important decision if his club are to stop being a fading heritage exhibition

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5 mins  |
October 29, 2024
The Guardian

Taking United job would be enormous risk for Amorim

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3 mins  |
October 29, 2024
The Guardian

A view from the stands Going full Woodward is incompetent or cowardly

It was about half an hour after the final whistle at the FA Cup final when I had my exchange with Sir Jim Ratcliffe.

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2 mins  |
October 29, 2024
Van Nistelrooy has learned from the very best coaches
The Guardian

Van Nistelrooy has learned from the very best coaches

Dutchman took inspiration from Bielsa, Ferguson, Simeone and Robson in developing his own style

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4 mins  |
October 29, 2024
Rodri and Bonmati scoop top prizes as Real boycott big night
The Guardian

Rodri and Bonmati scoop top prizes as Real boycott big night

Rodri and Aitana Bonmati have been named winners at the 2024 Ballon d'Or at football's annual awards ceremony in Paris, their trophies handed out at the end of a bizarre day in which Real Madrid's delegation opted not to attend.

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2 mins  |
October 29, 2024
Stanway: Lionesses must evolve as plateau is 'inevitable'
The Guardian

Stanway: Lionesses must evolve as plateau is 'inevitable'

Georgia Stanway said it is \"inevitable\" that England will plateau after their huge success and that they need to reinvent themselves to avoid becoming predictable.

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2 mins  |
October 29, 2024
Everything's starting to come together
The Guardian

Everything's starting to come together

Jack Draper's improvement in his breakthrough season has resulted from his greater fearlessness under pressure

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3 mins  |
October 29, 2024
Verstappen's ruthless streak on show again in Norris battle
The Guardian

Verstappen's ruthless streak on show again in Norris battle

Two races and two flashpoints, the world championship battle between Max Verstappen and Lando Norris is in full flow.

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3 mins  |
October 29, 2024
Curry poised for England return against All Blacks
The Guardian

Curry poised for England return against All Blacks

Sale flanker expected to start after recovery from hip injury that threatened his career

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3 mins  |
October 29, 2024