The First Trust China AlphaDEX Fund, which employs a rigorous smart-beta methodology emphasizing both growth and value traits, consists of 50 Chinese stocks. FCA's meticulous portfolio construction has translated to strong outperformance and superior Sharpe ratios versus larger China-focused ETFs. The ETF's cyclical-heavy exposure is well-positioned as China's macroeconomic momentum, exports, and industrial profits accelerate.
Close Brothers Group PLC (LSE:CBG) said it expects to face costs of about £320 million from the UK motor finance redress scheme. The merchant banking group said the estimate compares with an existing provision of £294 million set aside as of January and reflects the Financial Conduct Authority's policy statement last week on compensating customers for historic commission arrangements on car loans.
The UK financial watchdog confirmed on Monday night that millions of motor finance customers should receive larger compensation under a scheme for those affected by misselling. An average of £830 compensation is expected this year, the Financial Conduct Authority said, for people treated unfairly by firms who broke the law by failing to disclose important information.
Lloyds Banking Group PLC (LSE:LLOY) told investors that it will make an extra £800 million charge for the motor finance redress scheme, bringing its total provisions to £1.95 billion. The lender questioned the Financial Conduct Authority's proposed methodology, announced a week ago, stating it does not reflect actual customer loss or align with the Supreme Court's judgment in early August.
The Financial Conduct Authority (FCA) pushed back against a sweeping court ruling that could force banks to pay out billions in motor finance compensation, which may limit payouts but complicate the compensation process, according to research from RBC Capital. Submitting its views to the Supreme Court, the FCA said the Court of Appeal had gone “too far” by assuming all car dealers owed customers a fiduciary duty - meaning a legal obligation to act in their best interest.
A motor finance redress scheme has been proposed by the UK financial watchdog if the current review, including a looming Supreme Court decision, finds that customers have lost out due to widespread failings by lenders, including Lloyds Banking Group PLC (LSE:LLOY) and Close Brothers Group PLC (LSE:CBG). In that case, the Financial Conduct Authority (FCA) confirmed that it is likely to launch a consultation about an industry-wide redress scheme.
Two former Credit Suisse managing directors have been banned from the UK financial services industry after they pleaded guilty in the United States over their role in Mozambique's "tuna bond" scandal, Britain's Financial Conduct Authority said on Tuesday.
Several hedge funds are pouring money into Chinese equities on the DeepSeek buzz and the potential for the country's policy easing.
The Financial Conduct Authority (FCA) has increased the time companies have to address complaints over historic motor finance deals which did not involve non-discretionary commission payments. Firms had until 4 December 2025 to respond to such complaints, which the FCA noted was in line with a deadline for those involving non-discretionary commission agreements.
The Politburo of China announced it will now adopt a "moderately loose" monetary policy -- a term China last used in 2010.
The Financial Conduct Authority (FCA) has proposed to extend the deadline for lenders to handle complaints surrounding motor finance agreements involving non-discretionary commission arrangements. Under the proposals, affected firms will have to either May 31, 2025, or December 4, 2025, to provide final responses to motor finance complaints.
Ex-Barclays CEO Jes Staley gave misleading answers to Britain's Financial Conduct Authority about his dealings with Jeffrey Epstein when it was investigating his relationship with the disgraced financier, the FCA's lawyers alleged on Monday.