News and Announcements

Close Brothers sees 'material increase' to existing motor finance provisions

By Michele Maatouk

Date: Thursday 09 Oct 2025

(Sharecast News) - Close Brothers shares tanked on Thursday as it warned that the Financial Conduct Authority's motor finance redress scheme would result in a "material increase" to its existing provision of £165m.
Earlier this week, the FCA ruled that lenders would have to pay out £11bn including costs in compensation...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page