Santander UK tipped for ‘large’ hike to motor finance provisions

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Santander UK is expected to top up its provisions for the motor finance scandal following the final outline of the financial watchdog’s redress scheme.

The Spanish-headquartered banking giant has been one of the most vocal critics throughout the scandal, which relates to the use of discretionary commission arrangements (DCAS) in car financing.

Banks were accused https://www.cityam.com/santander-uk-tipped-for-large-hike-to-motor-finance-provisions/">[...]