Lloyds and Close Brothers Shares Soar as Regulator Intervenes in Car Finance Dispute
2025-01-21
Evening Standard on MSN.com
The UK's two major lenders, Lloyds and Close Brothers, have seen their shares surge after a significant development in the ongoing car finance case. As key players in the car loans sector, they could have faced billions in combined compensation costs. However, with the regulator's intervention, the financial institutions may now be able to mitigate these costs. This move is expected to have a significant impact on the car finance industry, with potential implications for car loan interest rates and consumer finance options. Car finance companies and lenders are likely to be closely watching the outcome, as it may affect their own business operations and profitability.
