The warning stated that the compensation payouts would put Close Brothers at risk of regulatory intervention - Jose Sarmento Matos/Bloomberg Finance LP Close Brothers has unveiled plans to cut 600 jobs, less than 24 hours after a short-seller warned that the UK bank could face a £1.2bn hit from the car finance scandal. Bosses revealed the planned redundancies in half-year results on Tuesday, claiming the cuts will save £85m by 2027 as the company relies increasingly on AI and offshoring. The latest upd ...