# Close Brothers Group PLC

Type: Company (CBG.L)

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/close-brothers-group-plc
Canonical HTML page: https://getfinancebrief.com/entity/close-brothers-group-plc

## Timeline

- **2026-03-17**: Workforce Reduction — Close Brothers announces plans to cut nearly 25% of its staff to manage costs.
- **2025-02-15**: Dividend Suspension — Close Brothers pauses shareholder payouts to retain capital amid regulatory uncertainty.
- **2024-10-25**: Court of Appeal Ruling — Judges rule that lenders must disclose commissions to customers, increasing liability risks.
- **2024-01-11**: FCA Investigation Launched — The FCA begins a review into historical motor finance commission arrangements.

## Recent coverage (1 stories)

### Close Brothers to Cut 25% of Workforce Amid Motor Finance Fallout
2026-03-17 09:07:12 · Sentiment: Bearish · Impact: 6/10 · Sources: 7

Close Brothers Group PLC has announced plans to reduce its workforce by nearly 25% as it struggles with the financial and regulatory fallout of the UK car finance commission scandal. The move follows a landmark court ruling that has forced the specialist lender to aggressively preserve capital and pause dividend payments.
Full story: https://getfinancebrief.com/story/close-brothers-layoffs-car-finance-scandal

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