UK Supreme Court overturns ruling on motor finance commissions in win for banks
Supreme Court president Robert Reed said the car dealers who sold the vehicles and arranged the finance did not owe fiduciary duties to customers, reversing a surprise Court of Appeal ruling that sent shockwaves through the motor finance industry.
Reed said the Court of Appeal had "failed to understand that the dealer has a commercial interest in the arrangement between a customer and a finance company."
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BBC News
9 minutes ago
- BBC News
Norwich man 'demoralised' after Ryanair damages wheelchair
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Reuters
9 minutes ago
- Reuters
Morning Bid: Buy the dip, we can worry about jobs later
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Reuters
9 minutes ago
- Reuters
BP to update on cost-cutting progress as Elliot increases pressure, FT reports
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