Motor finance lenders warned of ‘gridlock’ as £9bn scandal clogs rearview Banking The UK’s top banks are gearing up to put the long-running motor finance scandal in the rearview mirror but warning lights on the dashboard suggest they may still face “gridlock” on the multi-billion pound saga. FTSE 250 lender Vanquis became the latest on Monday to confirm it would not lodge a legal challenge against the [...]
Son of world’s richest banker challenged US law firm over $35m legal bill Legal Alberto Safra survived a bitter fight over his father’s $23bn fortune. Then the legal bill arrived, all $35m (£26m) of it. Safra, son of Brazilian billionaire Joseph Safra, now deceased, was billed over $35m for less than two years of work over a ‘bitter multibillion-dollar estate feud’ and one of the largest inheritance battles in [...]
