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Lloyds and Close Brothers face significant scrutiny as the UK's Supreme Court hears a case regarding motor finance mis-selling, which could lead to substantial compensation claims for borrowers due to undisclosed commissions. Analysts estimate Lloyds may need to set aside up to £6 billion, with current provisions at £1.2 billion and expected additional charges of £1.3 billion. The outcome, anticipated in several months, could impact multiple lenders in the sector.
STB Commercial Finance has appointed Carl Pykett as its new senior portfolio director, bringing over 20 years of corporate finance and restructuring experience from Lloyds Development Capital. Based in Birmingham, he will support clients nationwide, focusing on growth opportunities across various sectors. His expertise aligns with STB's strategic expansion plans, particularly in building relationships with private equity firms.
Secure Trust Bank PLC has reported a significant change in the voting rights of UBS Group AG, with their holdings dropping below the 5% threshold, effective December 20, 2024. This change exempts UBS from reporting obligations, potentially affecting the bank's shareholder structure and voting dynamics.Secure Trust Bank, a UK retail bank with over 70 years of history, focuses on business and consumer finance, operating from Solihull, West Midlands. The bank has experienced a year-to-date price performance decline of 46.49% and currently has a market cap of £66.94 million.
Secure Trust Bank PLC has reported a significant change in the voting rights of UBS Group AG, with their holdings dropping below the 5% threshold, effective December 20, 2024. This change exempts UBS from reporting obligations, potentially affecting the bank's shareholder structure and voting dynamics.With over 70 years of trading history, Secure Trust Bank, based in Solihull, West Midlands, focuses on business finance through Real Estate and Commercial Finance, as well as consumer finance via Vehicle and Retail Finance divisions. The bank's year-to-date price performance stands at -46.49%, with an average trading volume of 170,985 and a current market cap of £66.94 million.
Secure Trust Bank PLC has reported a change in major holdings, with UBS Group AG acquiring over 5.39% of voting rights as of December 19, 2024. This shift may enhance UBS's influence on the bank's strategic decisions, potentially affecting its market positioning. The bank, based in Solihull, has a workforce of 897 and focuses on various finance sectors, including Real Estate and Consumer Finance. Year-to-date, its stock has seen a decline of 48.91%, with a current market cap of £63.92M.
Secure Trust Bank PLC has reported a change in major holdings, with UBS Group AG acquiring over 5.39% of voting rights as of December 19, 2024. This shift may enhance UBS's influence on the bank's strategic decisions, potentially affecting its market positioning and stakeholder interests.Established for over 70 years and based in Solihull, West Midlands, Secure Trust Bank focuses on business and consumer finance, employing 897 staff as of September 2024. The bank's year-to-date price performance stands at -48.91%, with a current market cap of £63.92M.
Secure Trust Bank PLC
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Supreme Court hears motor finance case with major implications for lenders
British Pound Sterling
Secure Trust Bank PLC
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Lloyds Banking Group plc
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09:30 01.04.2025
stb commercial finance appoints carl pykett as senior portfolio director
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14:57 17.03.2025
ubs voting rights drop below five percent for secure trust bank
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ubs voting rights drop below five percent for secure trust bank
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ubs group increases stake in secure trust bank to over five percent
15:42 23.12.2024
ubs group increases stake in secure trust bank to 5.39 percent
15:42 23.12.2024
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