US Edition
Shares in UK Banks Jump After Car Loan Court Ruling
- Shares in British banks increased after the UK Supreme Court ruled on car loan cases, providing relief from expected compensation claims for banks.
- The court upheld one of three cases but narrowed the grounds for claims against banks, easing fears of widespread payouts from millions of car buyers.
- Shares in Lloyds Banking Group rose by seven percent and Barclays by two percent in early trading after the ruling.
- Close Brothers' stock surged more than 20 percent in response to the ruling in its favor on one case.
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44 Articles
44 Articles
Shares in lenders soar after motor finance court ruling
Lloyds Banking Group and Close Brothers saw big share gains after the industry won a reprieve in the motor finance case before the UK’s highest court. Lloyds Banking Group and Close Brothers have seen shares soar higher after Friday’s Supreme Court judgment ruled lenders were not liable for hidden commission payments in car finance schemes. The decision – which was handed down after the market close on Friday – saw FTSE 100 listed Lloyds shares …
UK Lenders Rally After ‘Huge Win’ in Motor Finance Court Ruling
Shares of UK lenders including Lloyds Banking Group Plc, Close Brothers Group Plc and Barclays Plc jumped on Monday after the industry won a major reprieve in a pivotal car finance case before the country’s top court.
·United States
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Coverage Details
Total News Sources44
Leaning Left3Leaning Right6Center7Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 19%
C 44%
R 38%
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