Close Brothers shares soar as bank ‘well positioned’ for £320m motor finance hit

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Close Brothers’ shares surged 20% after confirming it can comfortably absorb a £320 m FCA motor‑finance redress hit, which will trim its CET1 ratio by 25 bps to 14%—still above its 12‑13% target—while hinting at a potential new legal battle.
#Close Brothers #FCA #motor finance #redress scheme #share price #CET1 ratio #UK banking #legal dispute
08/04 09:28 cityam.com
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Close Brothers shares soar as bank ‘well positioned’ for £320m motor finance hit

Close BrothersFCAmotor financeredress schemeshare priceCET1 ratio
08/04 12:56 standard.co.uk

Close Brothers says £320m car finance hit can be ‘comfortably absorbed’

Close BrothersFCAmotor financeredress schemeshare priceCET1 ratio
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