Regulator warns firms over provisions for motor finance claims FCA It said it had "observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources."
Close Brothers plans to bolster finances by hundreds of millions for FCA motor finance probe Banking Close Brothers has outlined measures that could boost its capital position by around £400m as the merchant banking group faces potential compensation costs tied to a Financial Conduct Authority (FCA) review into historic unfair car loans.
Close Brothers faces uncertain future as FCA motor finance probe sparks crisis Banking Close Brothers shares collapsed on Thursday after it cancelled its dividend for the current financial year and announced that 2025 payouts would be placed under review amid a City watchdog probe into motor finance - a major part of its business model.