
Car finance firm Close Brothers slumps to loss after taking £165m hit | Motor finance newsthirst.
Close Brothers, one of the UK’s biggest providers of car loans, has slumped to a £103m loss as it deals with the fallout of the motor finance commission scandal, which it estimates will cost it a total of £200m this year. The lender also scrapped its dividend again. Its shares plunged by 17% on the…