UK lenders dip as FCA plans motor finance redress tweak
03/12/2025 13:01
** Shares of UK lenders tied to the motor finance scandal fell after the regulator said it could revise its redress plan based on consultation feedback ** Shares of Lloyds LLOY.L and Close Brothers CBRO.L down between 1.3% and 1.1%, while Barclays BARC.L and Secure Trust Bank STBS.L fall marginally ** FCA has moved up the deadline for handling motorists’ complaints to May 31, 2026, two months earlier than planned ** YTD, LLOY shares have risen ~75%, BARC up ~62%, CBRO up ~87% while STBS shares have almost tripled (Reporting by Tuhina in Bengaluru) ((Tuhina@thomsonreuters.com))