Close Brothers pops 30%, Lloyds surge after favourable motor finance ruling
Published by Global Banking & Finance Review®
Posted on August 4, 2025
1 min readLast updated: January 22, 2026

Published by Global Banking & Finance Review®
Posted on August 4, 2025
1 min readLast updated: January 22, 2026

Close Brothers shares surged 30% after a favorable Supreme Court ruling on car finance commissions, affecting UK banks like Lloyds and Barclays.
MILAN (Reuters) -Close Brothers shares popped 30% at the open on Monday, after a Supreme Court ruling last week on car finance commissions went largely in favour of banks, although it still left them facing millions of potential compensation claims.
Among other UK bank stocks affected, Lloyds rose more than 6% and Barclays gained 1.9%. RBC analysts upgraded Lloyds to outperform, saying the top court's judgement was a "clearing event" for the UK bank.
Following the top court ruling, the Financial Conduct Authority (FCA) said it would consult on a redress scheme for motorists, estimating the total bill could hit between 9 billion and 18 billion pounds.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
Close Brothers shares popped 30% at the open on Monday.
Lloyds rose more than 6% and Barclays gained 1.9% following the ruling.
The FCA stated it would consult on a redress scheme for motorists, estimating the total bill could reach between 9 billion and 18 billion pounds.
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