Lloyds Banking Group - FinTech News UK

FinTech News UK

Where Markets Meet Innovation

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

9 mins read

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.

The £2 Billion Echo: Is the Car Finance Scandal the UK Banking Sector’s Next PPI?

9 mins read

Banking Regulation

The £2 Billion Echo: Is the Car Finance Scandal the UK Banking Sector’s Next PPI?

14/10/2025 user0Tagged car finance, consumer finance, DCA scandal, FCA, financial provisions, investing, Lloyds Banking Group, PPI, stock market, UK banking

Lloyds Banking Group’s £2bn provision for the car finance scandal signals a major crisis for UK banking, with potential echoes of the costly PPI scandal.