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