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.
Al Jazeera journalist says "My understanding is that the continuous media hype (leaks and rumors) from the Pakistani side is complicating the situation, and could lead to changing the venue of the talks"
UK Ministers are drawing up plans to support airlines in the event that fuel shortages force them to cancel flights this Summer, Times' Swinford reports
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
Iranian Forign Minister Araghchi says the purpose of visits to Pakistan is to closely coordinate with partners on bilateral matters and consult on regional developments
EU antitrust regulators to probe UPM (UPM FH), and Sappi paper deal, sources say
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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.
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