YOU WONT BELIEVE: Close brothers - You Need To See This

Close Brothers ramps up cost cutting after posting another loss

The banking group said it cut annual costs by around £36 million in the year to July 31 and was targeting more than £60 million in the year ahead.

Evening Standard · Sep 29

Close Brothers accelerating cost cuts as motor finance bill mounts

The group revealed in March it was cutting around 600 jobs to cut costs.

Evening Standard · May 21

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

The Guardian - UK · Apr 8

Close Brothers to cut hundreds of jobs amid criticism over car finance scandal payouts plan

A short seller has suggested they’ll need to pay out far more than the bank has initially flagged

The Independent UK · Mar 17

Close Brothers to cut almost quarter of workforce in wake of car finance scandal

The group will cut annual costs by about £85 million over the next 18 months.

Evening Standard · Mar 17

Close Brothers nearly doubles expected bill for car loan redress to £300m

The banking group told investors it was adding around £135 million to its existing £165 million provision.

Evening Standard · Oct 14, 2025

Lenders warn of bigger hit to finances from £11bn car loan compensation plan

Lloyds Banking Group and Close Brothers both said they were expecting to have to put aside more money to cover costs related to the mis-selling saga.

Evening Standard · Oct 9, 2025

Lloyds says it is facing greater hit than expected from car loan finance scandal

Banking group predicts bill will top £1.2bn it has set aside, as Close Brothers also says it expects to pay more

The Guardian - UK · Oct 9, 2025

Shares in UK lenders rise after watchdog softens car loan compensation costs

Lloyds Banking Group, Close Brothers Group, and Barclays shares were all moving higher on Wednesday morning.

Evening Standard · Oct 8, 2025

Close Brothers slumps to loss amid write-downs and more compensation provisions

The firm revealed it tumbled to a pre-tax operating loss of £122.4 million for the year to July 31.

Evening Standard · Sep 30, 2025