AN EXISTENTIAL CRISIS?

This very complex story has now moved beyond discretionary commissions to all commissions in the car finance world, an industry worth tens of billions of pounds in the UK every year.

Experts say that it may all come to nothing at the end of the day or may mean an existential crisis for the banks with some £30-£40 billion of losses to be incurred by them .

My personal view is buy shares in banks with caution right now.