Close Brothers to sell asset management arm as motor finance bill looms Banking Close Brothers' shares are down by around a third since the Financial Conduct Authority announced in January that it would review whether customers were overcharged via now-banned discretionary commission arrangements on car loans.
Close Brothers boss to take temporary medical leave of absence Banking The bank said it would provide a further update "in due course". Its full year results will be announced on Thursday as planned.
City watchdog’s motor finance review drives up official complaints Banking A review by the City regulator into now-banned commission arrangements on car loans has contributed to a surge in official complaints to the UK's financial ombudsman in recent months.