Categories: World

BRIEF-Close Brothers Lifts Motor Finance Total Provision To £300 Mln

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Oct 14 (Reuters) - Close Brothers Group PLC: * FURTHER UPDATE IN RELATION TO MOTOR COMMISSIONS * ADDITIONAL CHARGE OF £135 MILLION, TOTAL PROVISION £300 MILLION * ADDITIONAL PROVISION TO REDUCE CET1 RATIO BY 130 BPS ON A PRO-FORMA BASIS AS AT 31 JULY 2025 (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
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Published by TDG Syndication