Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Close Brothers to cut 25% of staff after car finance scandal.

flag Close Brothers, a UK-based financial services firm, plans to cut nearly 25% of its workforce following a major car finance scandal that led to regulatory scrutiny and financial losses. flag The company cited the need to restructure operations and restore investor confidence as key reasons for the layoffs, which will affect thousands of employees across its automotive finance divisions. flag The move comes after investigations revealed widespread mis-selling practices in car loan products, prompting fines and reputational damage.

169 Articles