£44bn mis-selling Bank scandal
Close Brothers is among the most exposed banks to car loans, as they have set aside £165 million, as their mis-selling of car loans triggered a 8 per cent fall in shares yesterday and 2 per cent down this morning, after judges including Supreme Court president Lord John Reed, prevented the government from supporting the industry in a looming court case. The Supreme Court is due in April to hear an appeal brought by car loan providers challenging a ruling last year from the Court of Appeal, which sided with consumers who complained about “secret” commissions on car loans. The judgement … Continue reading £44bn mis-selling Bank scandal
