PRESS DIGEST- Financial Times - Jan 12

Headlines - US and Britain prepare to launch strikes against Houthi rebels - FCA launches probe into historic commission agreements by motor finance groups - Bank of England fines former chief of Wyelands Bank for 'multiple' failings - Dyson loses 176 million euro EU damages claim - Lagarde says Trump represents 'a threat' to Europe Overview - The US and the UK are preparing strikes against Iran-backed Houthi rebels, after the Yemen-based militants ignored western warnings and stepped up attacks on commercial ships in the Red Sea.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- US and Britain prepare to launch strikes against Houthi rebels - FCA launches probe into historic commission agreements by motor finance groups

- Bank of England fines former chief of Wyelands Bank for 'multiple' failings - Dyson loses 176 million euro EU damages claim

- Lagarde says Trump represents 'a threat' to Europe Overview

- The US and the UK are preparing strikes against Iran-backed Houthi rebels, after the Yemen-based militants ignored western warnings and stepped up attacks on commercial ships in the Red Sea. - British auto lenders are braced for more than 1 billion pounds ($1.28 billion) in compensation payouts after the UK's top financial regulator launched an investigation into historical commission agreements by car dealers stretching back a decade.

- The Bank of England on Thursday fined the former chief executive of Sanjeev Gupta's Wyelands Bank almost 120,000 pounds for "multiple breaches" of regulatory rules in the run-up to the bank's 2020 implosion. - Dyson has lost its fight for 176 million euro ($193.21 million) in compensation from Brussels over damages it claimed it suffered as a result of energy label testing that penalised its vacuum cleaners.

- Donald Trump's potential election as US president is "clearly a threat" to Europe judging by the policies in his first term in office, European Central Bank president Christine Lagarde has said. ($1 = 0.7829 pounds) ($1 = 0.9109 euros) (Compiled by Bengaluru newsroom)