Lloyds takes £450m hit over car finance mis-selling claims [Yahoo! Finance]
CLOSE BROS GRP UNSP/ADR (CBGPY)
NASDAQ:AMEX Investor Relations:
closebrothers.com/investor-relations
Company Research
Source: Yahoo! Finance
The bank took the charge after the Financial Conduct Authority (FCA) last month announced plans to review the sale of loans to fund drivers buying secondhand cars Lloyds owns Black Horse, one of the biggest lenders in the car finance market. The £450m provision could be “higher or lower” once the outcome of the review is known, the bank said. The FCA is set to report its findings in September. Lloyds is the first bank to book a motor finance provision. Close Brothers, another motor finance lender, cut its dividend last week but said there was too much uncertainty around the review to take a charge. The FCA is examining whether motor dealerships failed to inform customers about commissions paid by banks in relation to the loan interest rate. Charlie Nunn, chief executive of Lloyds, said: “There remains significant uncertainty as to the extent of any misconduct and customer loss, if any, the nature of any remediation action, if required, and its timing. Hence the impact cou
Show less
Read more
Impact Snapshot
Event Time:
CBGPY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CBGPY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CBGPY alerts
High impacting CLOSE BROS GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CBGPY
News
- Should You Diversify Your Portfolio By Industry Or Sector? [Seeking Alpha]Seeking Alpha
- UK’s Close Brothers launches £400mn capital plan ahead of FCA probe [Financial Times (FT.com) (UK)]Financial Times
- UK’s Close Brothers launches £400mn capital plan [Financial Times (FT.com) (UK)]Financial Times
- PRESS DIGEST-British Business - Feb. 16 [Yahoo! Finance]Yahoo! Finance
- Car finance investigation forces merchant bank to scrap £100m dividend [Yahoo! Finance]Yahoo! Finance