Close Brothers: How the motor finance scandal reshaped one of ‘Europe’s least cost-efficient lenders’
Rathbones: Fee income dips amid market turmoil Investing Turmoil in the market following the introduction of Trump’s tariffs dented the performance of Rathbones Group’s funds, leading income from its wealth management fees to drop three per cent in the first quarter of 2025. Assets under management at the group dipped by five per cent by the end of March due to a combination [...]
Rathbones chief Paul Stockton retires Investing Rathbones group chief executive Paul Stockton is set to retire from his role after six years in the job. Stockton, who has worked at the asset manager for the last 16 years, will step down from the firm at the end of September, the company’s said today. He will be succeeded by Jonathan Sorrell who [...]
Weak Rathbones results cause wealth manager’s stock price to dip Investing Rathbones reported a weak three months as assets dropped by 0.1 per cent thanks to investors pulling £561m from the wealth manager. The wealth manager’s stock dropped by more than three per cent upon market open this morning following the publication of its quarterly results. Withdrawals from the business were caused by a variety of [...]