Close Brothers (F:CBRO) Group PLC is continuing to evaluate the impact of principles outlined in the Supreme Court’s "Hopcraft" judgment on its motor finance loan portfolio, the company announced Monday.
The financial services group is working to determine how the court’s ruling will affect its automotive financing business, though specific details about potential financial implications were not disclosed in the announcement.
Close Brothers, which provides lending, deposit-taking, wealth management and securities trading services, is analyzing the judgment to understand its full scope and consequences for the company’s operations.
