UK banks’ financial results in spotlight as lenders await critical motor finance court ruling
- UK banks will be revealing their financial results this week
- But greater focus will be paid to them because of the expected Supreme Court ruling into motor finance
- Analyst expects ‘common sense’ outcome in ruling
UK banks’ financial results will be in the spotlight this week as lenders await the outcome of a critical court judgment that could open the tap on car finance compensation payouts.
Lloyds Banking Group will kick off the sector’s half-year earnings with its results on Thursday, followed by NatWest Group on Friday.
It comes at a significant juncture for motor finance lenders, with the Supreme Court set to deliver a final judgment on alleged mis-selling by the end of the month. Read More