Close Brothers
Close Brothers has set aside £165 million to cover compensation claims related to car finance mis-selling. The bank has also suspended its dividend and announced plans to raise £400 million to strengthen its balance sheet.
BACKGROUND
In October 2024, the UK Court of Appeal ruled in the case of Hopcraft v Close Brothers that failing to disclose such commissions constituted an unlawful breach of fiduciary duty. The court found that customers were not provided with sufficient information to give informed consent regarding the commissions paid to brokers. Close Brothers has appealed this decision to the UK Supreme Court, with a hearing scheduled for April 2025.
WHAT WE COVER
We specialise in reclaiming funds from car finance agreements that may include:
HIDDEN CHARGES
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EXCESSIVE INTEREST RATES
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Mis-sold agreements
Our streamlined process ensures that our clients can reclaim their money quickly and hassle-free.
LATEST NEWS
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