U.K. Government Intervention in Car-Loan Court Ruling Seen as Unlikely -- Market Talk

Dow Jones
07/28

0900 GMT - The chances that the U.K. finance chief overturns the Supreme Court ruling on the car-loan probe to protect exposed banks are slim, Keefe, Bruyette & Woods say in a research note after reports suggested the treasury was considering such a move. The ruling on whether commission charged on car finance loans was lawful is set to land on Friday. Beneficiaries would include Lloyds Banking Group, Close Brothers, Santander UK and Bank of Ireland. "Whilst superficially attractive, we believe that the probability of such an intervention is low and would be an extraordinary step for any government in a free democracy," analysts Edward Firth and Elise Yu Ge write. It is almost unconceivable that the government would step in at the end of such a process and change the law to limit the plaintiff's rightful settlements, they say. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

July 28, 2025 05:00 ET (09:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10