Barclays loses motor finance case and to appeal
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Barclays PLC has lost a High Court appeal regarding a car finance loan, where it was ruled that the bank unfairly added a £1,300 commission. Barclays plans to appeal the decision.
December 17, 2024 | 11:45 am
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Barclays PLC lost a High Court appeal concerning a car finance loan, where it was found to have unfairly added a £1,300 commission. The bank plans to appeal the decision.
The loss in the High Court and the intention to appeal could lead to negative sentiment around Barclays, potentially impacting its stock price negatively in the short term. Legal issues often create uncertainty, which can affect investor confidence.
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