Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Frankfurt - Delayed Quote • EUR Close Brothers Group plc (CS3.F) Follow Compare 3.7400 -0.1000 (-2.60%) As of 8:10:17 AM GMT+1. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations What you need to know about the car finance scandal A scandal over how consumers have been sold car loans has opened up the possibility that lenders could end up paying out tens of billions of pounds in compensation. UK Supreme Court Rejects Reeves’ Motor Finance Intervention (Bloomberg) -- The UK’s Supreme Court refused to let the Treasury intervene in a landmark court case over controversial car loans, dealing a blow to Chancellor Rachel Reeves who had sought to argue that the suit was hindering Britain’s regulatory environment.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Close Brothers prepares for Supreme Court motor finance showdown Close Brothers sets aside £165m and brings in Slaughter and May ahead of Supreme Court appeal Drivers risk missing out on £10bn of car finance compensation Consumers risk missing out on up to £10bn of compensation after Rachel Reeves intervened in the motor finance scandal. Close Brothers to set aside up to £165m for motor finance scandal The company is at the centre of a looming crisis facing the motor finance industry, with lenders facing potentially hefty compensation bills. Close Brothers Broker Solutions appoints new operations head Eckersley-Fallon will focus on improving the company's back-office operations and optimising the customer journey. Lloyds and Close Brothers shares surge after Reeves steps in on car finance case The lenders are two of the biggest players in the car loans sector and could be saddled with billions in combined compensation costs. Supreme Court hearing to decide future of UK motor finance industry Ruling on undisclosed commission payments could expose lenders to billions in compensation claims, reshaping the industry and raising critical questions about transparency. Close Brothers names new CEO as sector faces legal challenges Close Brothers appoints Mike Morgan as group CEO after Adrian Sainsbury steps down following medical leave. Close Brothers Group (LON:CBG) investors are sitting on a loss of 82% if they invested five years ago Close Brothers Group plc ( LON:CBG ) shareholders should be happy to see the share price up 16% in the last month. But... UK’s highest court to hear appeal on car finance mis-selling Close Brothers has been granted permission to appeal against a landmark ruling in the UK’s Supreme Court. Close Brothers Motor Finance makes two key appointments Clare Bradley named Commercial Director and Neil Leonard promoted to Marketing Director as CBMF focuses on product innovation and brand growth. FTSE 100 reshuffle sees Vistry kicked out and Games Workshop join the UK blue-chip index Vistry and Frasers are among the stocks that will be relegated from the FTSE 100, while Games Workshop will be added to the UK blue-chip index. iVendi and Close Brothers team up to enhance dealer finance iVendi will deliver key motor finance tools through its Connected Retailing platform. Over one third of dealers are unaware of the Specialist Automotive Finance (SAF) regulations Despite the approaching deadline, over one-third of dealers aren't conscious of the Specialist Automotive Finance (SAF) rules. Close Brothers Group plc's (LON:CBG) latest 11% decline adds to one-year losses, institutional investors may consider drastic measures Key Insights Significantly high institutional ownership implies Close Brothers Group's stock price is sensitive to... Close Brothers AM enters strategic cooperation with SEI SEI and Close Brothers Asset Management confirm a joint venture. Close Brothers and FirstRand to appeal UK court ruling on motor finance disclosure duties Court of Appeal sets new fiduciary duty standard for broker disclosures; ruling could spark significant industry-wide liabilities Lloyds ‘assessing impact’ of key car finance ruling in favour of consumers Shares in the bank plunged last week after judges sided with customers in a row over commissions in the industry. Close Brothers consolidates broker offerings Close Brothers has introduced a single division to bring together its range of broker services. Performance Overview Trailing total returns as of 2/25/2025, which may include dividends or other distributions. Benchmark is FTSE 100 Return CS3.F FTSE 100 YTD +26.35% +5.95% 1-Year -5.56% +12.36% 3-Year -69.66% +15.61%