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The Latest Breaking News from Close Brothers

FCA plans to allow lenders longer to respond to car finance complaints

Firms could get up to a year to respond to mis-selling complaints after shock court ruling last month

The Guardian - UK

Santander puts aside £295m for car loan mis-selling

Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal

The Guardian - UK

Lloyds shareholders could take £1bn hit over car finance crisis

Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis

The Guardian - UK

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Could you be entitled to a payout after court ruling on car finance?

After ‘secret’ commissions paid to dealers by lenders were ruled unlawful, billions might be available in compensation

The Guardian - UK

Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance

Industry and Treasury hold urgent talks after court of appeal rules consumers were mis-sold loans

The Guardian - UK

Santander UK delays results as it considers landmark car loan ruling

Some analysts say court of appeal ruling on mis-selling could cost the bank £1.1bn

The Guardian - UK

Lloyds ‘assessing’ impact of landmark court ruling on car loans

Lender holds about £15bn in loans through Black Horse and could have to pay compensation for mis-selling

The Guardian - UK

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Lloyds ‘assessing impact’ of key car finance ruling in favour of consumers

Shares in the bank plunged last week after judges sided with customers in a row over commissions in the industry.

Evening Standard

Consumers win UK car finance case that could lead to billions in compensation

Judges in test case rule it was unlawful for lenders to pay commission to car dealers without borrowers’ knowledge

The Guardian - UK

FTSE 100 Live: UK inflation in focus after index closes up 0.2%, Unilever leads risers after shake-up

Inflation’s retreat to its lowest level in two years today fuelled hopes of a first cut in interest rates by the summer.

Evening Standard

Close Brothers shares plunge as it scraps dividend over City watchdog car finance probe

Close shares crashed 17% today, off 68p at 330p

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