Close Brothers Shares Plunge Amid Car Finance Risk Claims

Shares of Close Brothers plunged 14% after short seller Viceroy claimed the lender understated car finance risks and could be forced to raise provisions to as much as £1.23 billion.

16 Mar, 19:07 — 16 Mar, 19:07

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FTVery High154d ago

Close Brothers plunges as short seller claims it understated car finance risks

Lender’s shares drop 14% as Viceroy says it could be forced to raise provisions to as much as £1.23bn

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Close Brothers Shares Plunge Amid Car Finance Risk Claims

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Close Brothers plunges as short seller claims it understated car finance risks

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