U.K. Bank Shares Rise After Car-Loan Ruling Softens Industry Blow
Lloyds Banking Group LLOY 8.08%increase; green up pointing triangle, Close Brothers CBG 21.02%increase; green up pointing triangle, Vanquis Banking Group VANQ 5.20%increase; green up pointing triangle, S&U, Bank of Ireland and FirstRand all traded higher at market open on Monday as investors breathed a sigh of relief. The decision avoids worst-case scenario redress, which some analysts had estimated could run into the tens of billions of pounds.
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