Close Brothers has been dealt a significant blow as the bank announced an additional £33 million provision to reimburse customers for overpayments within its car loans division. This charge compounds
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Lloyds Banking Group has significantly increased its compensation provision for potentially mis-sold motor finance to £1.1 billion following a landmark court ruling, forcing the FTSE 100 lender to set aside
The Supreme Court delivered a significant blow to Chancellor Rachel Reeves on Monday by rejecting her attempt to intervene in a landmark case concerning the motor finance commission scandal, which
The FTSE 250 lender Close Brothers has announced it will set aside up to £165 million in its first half to address potential legal and compensation costs amid the growing
The UK government’s Treasury department has made an unprecedented move to intervene in a Supreme Court case concerning car finance misselling, sparking optimism that the industry might avoid paying out
In a significant blow to the UK banking sector, Barclays has announced plans to appeal after losing a crucial High Court case concerning car loan commissions. The ruling threatens to
