BMW is confronting a bill exceeding £600m from the UK’s motor finance mis-selling scandal, placing it among the hardest-hit lenders in the industry. Newly filed accounts from the German carmaker’s British finance arm show its provision for mis-selling claims jumped from £206m in 2024 to £612m in 2025. The revised figure surpasses the £430m that…

The Nasdaq Composite has surged to record highs, and analysts are now warning investors that waiting for a pullback before buying could be a costly mistake. The index’s rapid climb has caught many market participants off guard, particularly those who have remained on the sidelines anticipating a significant correction before entering positions. Market momentum of…

Lloyds Banking Group (NYSE: LYG) chief executive Charlie Nunn says U.K. households and businesses have remained resilient despite a slower economic growth environment. Speaking at a Bank of America event, Nunn described Lloyds’ consistent economic outlook as a “resilient but slower growth economy,” with real GDP growth expected between 1% and 2% over the next…

Retirees across the country are discovering that having substantial savings does not automatically make them attractive candidates for new credit cards or retail store accounts. The core issue is that lenders evaluate applicants based on income, meaning regular cash flow, rather than accumulated net worth or assets sitting in retirement accounts. A retiree with a…