UK bank shares jump after car finance court victory
Close Brothers shares rise more than a fifth after Supreme Court ruling
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UK Supreme Court gives banks reprieve on car finance commissions
Original judgment had threatened to leave lenders on hook for tens of billions of pounds in compensation
Why banks are still on the hook over car finance despite UK court victory
Financial regulator set to announce by Monday if it will impose an industry-wide redress scheme
Close Brothers nearly doubles car finance redress to £300mn
FTSE 250 lender says increased provision reflects ‘greater likelihood’ more cases will qualify for compensation
European bank shares hit highest levels since 2008
A surge in long-term interest rates and economic optimism has lifted the region’s lenders
Motor finance redress scheme to cost banks up to £18bn, says FCA
Financial watchdog to give detailed proposals in October, following Friday’s Supreme Court ruling
Google shares jump after judge refrains from ordering break-up
Alphabet and Apple shares gain after judge’s ruling is better for the companies than investors had feared