UK banking group Close Brothers to cut almost quarter of workforce

NAMPA / DPA

2026-03-17

London (PA Media/dpa) - Around 600 jobs are being axed at Close Brothers as the banking group ramps up cost cutting after posting further losses in the face of a mounting compensation bill for the motor finance scandal. The firm said the cuts - nearly a quarter of its 2,600-strong workforce - would be made over the next 18 months across its teams in the UK and Ireland. It comes as part of efforts to slash costs by about £25 million ($33.3 million......

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