Member Info for Patiencemyfriend

I think I get what is going on now.. the lenders have let the cmc s challenge which will not go down well with legals, Lords and consumers re the delay etc The banks are now the good guys and playing ball for now.

If the FCA change the scheme the banks come in with another challenge and this time go for it ! but can say.. well we tried to play ball !

What an odd situation… it feels

Like we are missing something !?

Quick quest. Do the cmc s go through the courts to process their claims alongside the fca scheme or do they go through the scheme too ?

So am

I right in thinking that cv are going to challenge which will delay this anyway and all knots good legal work was for nothing !

Now i m totally confused.. so can the fla go to court even though the banks have said they don t want to …?

If only a couple of banks opt in for a leagsl challenge i m guessing if they ‘won’ the other banks would benefit ?

Our analysis shows millions of those did not involve the particularly serious misconduct identified in the case considered by the Supreme Court.

Interesting line by the fca

Anyone know what the last RNS actually means ?

Lloyds did not lead the way to the last court win but initially benefitted from the sc decision

And that brings …..drum roll…….CERTAINTY.

After a bumpy ride i think cbg need to inject a shot in the arm to give investors a reason to stay / invest.. a token divi and cap return plan to offer investors divis and growth to capture a variety of investors. They should have enough cash to cautiously do so from final results onwards

Shore capital puts a hold rating on CBG and advises it time to take profits, how can you take profits and hold ? !!

They will have bought in big time for the up !! Fair play to them if they can get away with it.

Nice provision

Starting to sound like, as we thought, all the top boys have sat round a table with cuban cigars, a fine malt or two, and hatched a plan…

Banks have said Rathi you ve made a bit of a d..k of yourself have nt you tut tut.

FCA / govt have said.. Banks, you can have the 07 to 14 claims as we can’t be blamed for what we were not in charge of at the time, throw the public a few quid to make it look real and we ll call it quits.

CMC s will then have to follow the SC ruling, which will not be worth it.

They have confirmed that their provision remains the same but left the door open for litigation from other parties... like the FLA .....?

Jerry. Like a court case.. outcome already determined.. court case is just a big show

T s judgement day !!

Lets see the future in headlines…

Millions of motorists to get compensation…

Banks to increase provisions

Banks to take FCA to judicial review

Motorists face delay after courts pause motor finance claims pending Judicial review

FCA forced to reduce its motor finance scheme following Judicial review

Close brothers restores dividends

Close brothers returns to profit after FCA fiasco finally over

Zoooooom out and hold tight guys

Today marks the final worst case scenario for CBG

Good point JP. If only the fca could see this

If lloyds faces 30k claims then cbg cmc claims number would mt be huge and then could be dealt with using sc judgement