CloseBrothers

Close Brothers Alerts Investors to Diminishing Banking Margins Amid Economic Headwinds

1 month ago

Close Brothers Group, a notable player in the UK banking sector, has shared concerning news regarding the pressures facing their banking margins. In a recent statement, the firm expressed its anticipation that profitability within the banking division will come under significant strain. This cautionary message was disclosed during the company’s latest earnings report, signaling potential worries for investors and stakeholders alike.

Close Brothers Faces £165 Million Provision Due to Controversial Car Loans

2 months ago

In a significant financial move, Close Brothers Group has announced that it will set aside a whopping £165 million as a provision linked to its car loans business. This decision follows a turbulent period involving scrutiny over the pricing practices of its car finance segment.

Close Brothers Appoints Mike Morgan as New CEO Following Departure of Sainsbury

4 months ago

In a significant leadership change, Close Brothers Group has announced the appointment of Mike Morgan as its new Chief Executive Officer. This decision comes in the wake of the resignation of previous CEO, William Sainsbury, who has stepped down after a remarkable tenure at the top of the financial services company. The transition marks a new chapter for Close Brothers as it seeks to navigate the evolving financial landscape under Morgan's guidance.