Lloyds, Secure Trust Bank extend losses; Close Brothers hits 29-year low
Updates
** Shares of British lenders Lloyds Banking Group LLOY.L, Close Brothers CBRO.L and Secure Trust Bank STBS.L extendprevious session's losses
** LLOY down 2.8% at 56.06p; stock biggest pct loser on FTSE 100 .FTSE
** CBRO falls 8% at 254.40pto its lowest level since 1995 -among top pct losers on FTSE 250 .FTMC index, which is up 0.1%
** STBS down 14.3% at 670p; biggest pct loser across FTSE All Shares .FTAS
** On Oct. 25, a London court ruled that motor finance brokers must fully inform customers about commissions when taking out car loans
** The ruling pulled LLOY down as much as 7.4%, CBRO up to~24.5%, and STBS 1.5% on Friday
** LLOY, one of the key providers of motor finance, says it is assessing the potential impact of the decisions
** Says court decisions relating to commission disclosure and consent obligations which go beyond the scope of the current FCA motor commissions review
** STBS is also assessing the impact of the court decision; STBS had said it operated some discretionary motor finance commission arrangements from 2009 until June 2017
** CBRO among top losers on the FTSE mid-capindex .FTMC,
Reporting by DhanushVignesh Babu and Ankita Bora in Bengaluru
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