UK Business

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The car finance scandal proves that the financial sector still has trust issues that need to be sorted

Written by Alper Kara, Head of Department of Economics, Finance & Accounting, Brunel University of London

The car finance scandal could have ended up costing UK banks and lenders up to £44 billion in compensation payments. But after the latest court ruling, the expected bill has been reduced to less than £18 billion.

That still counts as an expensive loss of course. And it may or may not be enough to compensate the millions of motorists...

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