Barclays (BARC LN) has chosen not to challenge a GBP 9bln car finance mis-selling scheme drawn up by the City watchdog, Sky News reports

Barclays' decision not to contest the GBP 9 billion car finance mis-selling scheme indicates a willingness to settle regulatory pressures, which may alleviate some short-term uncertainties for investors. This could lead to a more stable outlook for the stock, as it signals a focus on compliance over confrontational litigation. However, the magnitude of the settlement will still weigh on market sentiment and could set a precedent for other banks facing similar scrutiny.