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A £300 Million Warning Shot: Why Close Brothers’ Car Finance Crisis Signals a Storm for the UK Banking Sector

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Banking Sector Analysis

A £300 Million Warning Shot: Why Close Brothers’ Car Finance Crisis Signals a Storm for the UK Banking Sector

14/10/2025 user0Tagged car finance, Close Brothers, consumer credit, discretionary commission arrangements, FCA investigation, financial provisions, FTSE 250, Lloyds Banking Group, PPI scandal, risk management

Close Brothers nearly doubles its car finance redress provision to £300mn, a warning shot for the UK banking sector facing a multi-billion pound scandal.