Car finance scandal: Close Brothers, one of the UK’s biggest providers of motor finance has warned it expects to set aside up to £165m in the first half of its financial year to cover possible legal and compensation costs as a result of the car loans commission scandal.

GUARDIAN - The Guardian

Source

Published on Feb. 12th, 2025 Published on Feb. 12th, 2025

Scenario: Conduct / Misselling Retail

To read more operational risk news, register for free on MSTAR Platform.

MSTAR News

Aug. 23th, 2023

How to quantify potential climate or ESG-related litigation for banks?

We have identified three channels of exposure: customers, products and information. This video focuses on products, in particular funds.