UK Bank Close Brothers Loses Third of Value Amid Market Probe [Yahoo! Finance]
CLOSE BROS GRP UNSP/ADR (CBGPY)
NASDAQ:AMEX Investor Relations:
closebrothers.com/investor-relations
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Source: Yahoo! Finance
Financial Conduct Authority of two markets in which the 145-year-old British bank operates in. Most Read from Bloomberg Donald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin Dossier A $560 Billion Property Warning Hits Banks From NY to Tokyo Apple's China Slump Deepens Even as Total Sales Grow Again QQQ Up in Late Trading as Meta Soars, Apple Falls: Markets Wrap Apple China Slowdown Sparks Fears That Prized Market Is at Risk The stock fell as much as 5% on Friday, as RBC Capital downgraded its rating due to the regulator's separate reviews of both motor financing and insurance taken out on credit, known as premium finance. Close Brothers, which also owns City of London stockbroker Winterflood Securities Ltd, has seen £424 million ($537 million) erased from its market capitalization amid this year's 35% stock plunge, according to data compiled by Bloomberg. “Management are under pressure here,” said RBC analyst Benjamin Toms, warning that the saga is putting th
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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
- Lloyds takes £450m hit over car finance mis-selling claims [Yahoo! Finance]Yahoo! Finance
- PRESS DIGEST-British Business - Feb. 16 [Yahoo! Finance]Yahoo! Finance