Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Close Brothers to cut 25% of staff after car finance scandal.
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.
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.
The move comes after investigations revealed widespread mis-selling practices in car loan products, prompting fines and reputational damage.
169 Articles
Close Brothers recortará el 25% de su personal tras el escándalo de las finanzas automotrices.