Close Brothers nearly doubles car finance redress to £300mn
FTSE 250 lender says increased provision reflects ‘greater likelihood’ more cases will qualify for compensation
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Lloyds Bank to take extra £800mn charge over car finance mis-selling
Move follows ruling from Financial Conduct Authority and takes UK lender’s total provision to almost £2bn
UK bank shares jump after car finance court victory
Close Brothers shares rise more than a fifth after Supreme Court ruling
UK regulator cuts £2bn from car finance redress costs for banks
Financial Conduct Authority lowers estimate for loans eligible for compensation scheme
FCA’s multibillion car loan redress estimate is too high, say lenders
Watchdog believes motorists mis-sold auto finance could get payouts totalling up to £18bn
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
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