- Looks to generate £400mn in additional capital
- Impairment charges have slowed
Having dropped most of the bombshells in last month's trading update, the market breathed a sigh of relief that interim results for Close Brothers (CBG) contained no new regulatory shocks. The share price for the specialist finance house was poleaxed earlier this year by the initial repercussions from a Financial Conduct Authority (FCA) investigation into commission arrangements for car finance, with a view to compensating consumers who have inadvertently funded over-generous commission payments.