High street banks push into wealth is no threat, says boutique private bank Banking One of London’s oldest private banking institutions has sounded off on the influx of the British banking giants looking to grab a slice of the wealth management pie. Andrew Salmon, the boss of Arbuthnot Latham, told City AM that when big bank rivals attempt to go “stratospheric” with their thresholds, it would benefit from its [...]
Arbuthnot: Lender has ‘key advantage’ ahead of Bank of England rate cuts Banking Arbuthnot Banking Group is well-positioned for further interest rate cuts from the Bank of England, according to analysts despite its profit dropping by more than £10m during its latest financial year. The lender booked a £35.1m pre-tax profit in its full-year results – a drop of over £10m from 2023. Arbuthnot’s net interest margin – [...]
Arbuthnot shares dip as falling interest rates weigh on profit Banking Arbuthnot Banking Group faced the sting of easing interest rates in its annual results report as profit at the historic lender tumbled. The AIM-listed bank recorded £35.1m in profit before tax in its full-year results, a drop of over £10m from the £47.1m booked in 2023. Shares at the lender were down as much as [...]
Arbuthnot: Historic bank leans on wealth unit as rate cut hits lending income October 17, 2024 Arbuthnot Banking Group reported growth in its wealth management arm as the historic lender looks to weather a fall in interest rates.
Arbuthnot: Profit dips after rate hikes catch up with historic bank July 23, 2024 Arbuthnot Banking Group saw profit dip in the first half of the year, as existing fixed rate deposits have continue to reprice onto higher terms as they are renewed.
Arbuthnot: Historic bank posts steady lending growth this year after bumper 2023 May 22, 2024 Arbuthnot Banking Group has reported steady loan and deposit growth in 2024 as it continues to benefit from higher interest rates.
Arbuthnot sees surge in profit after SME deposit growth and ‘helpful’ interest rate hikes March 28, 2024 Arbuthnot Banking Group has reported a surge in annual profit on the back of growth in its small business offering and higher interest rates.