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  • The Independent

    Close Brothers reveals plans to bolster finances by £400m amid car finance probe

    by Anna Wise Mar 19, 2024 2 minutes
    Source: PA Wire

    Close Brothers Group has revealed plans to bolster its finances by £400 million and cut costs as it prepares for the impact of a major investigation into car finance mis-selling practices.

    The banking group, which owns a motor finance arm, said it recognises the “paramount importance” of preparing for a range of possible outcomes.

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