General · 17 March 2026
Close Brothers Cuts Jobs For £300m Finance Bill
Jobs are being cut at Close Brothers due to financial struggles from a car finance compensation bill. The banking group plans to let go of about 600 staff, nearly a quarter of its total 2,600 employees, within the coming year and a half. This follows operating losses before tax totalling £65.5m and nearly £300m set aside for mis-selling costs.
Reported by The Guardian · How we write briefs