Why Natwest splashed the cash for a slice of the wealth management pie Banking Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]
Natwest shares sink after bank unveils £2.7bn wealth deal Banking Natwest has beat its banking rivals to snap up wealth manager Evelyn Partners and laid out plans to kick off a new round of shareholder returns. The FTSE 100 banking giant, which returned to privatisation last year, said it had sealed a £2.7bn deal to purchase the firm from its private equity owners Permira and [...]
Barclays and Natwest set for bidding war in race to beef up wealth arms Banking Barclays and Natwest are set for a bidding war as the banks prepare to make their play to snap up Evelyn Partners amid the race to beef up wealth management arms. The blue-chip lenders are both gearing up to table offers of over £2bn for the London-based wealth manager. A successful takeover would help enhance [...]
Autumn Budget: Wealth tax would drive £100bn out of UK economy October 16, 2025 Rachel Reeves is facing renewed calls to rule out any form of wealth tax in the Autumn Budget with concerns such a move would drive £100bn out of the UK economy. The Chancellor confirmed on Wednesday higher taxes on the nation’s wealthiest would be a “part of the story” in the Budget. But fresh research [...]
Lloyds: FTSE 100 giant’s slow wealth progress sparks takeover talk October 7, 2025 Lloyds’ “slow” progress in wealth management has sparked talks of a potential takeover as the banking titan looks to beef up its offering for high net worth individuals. The FTSE 100 giant exited the area in 2013 as part of a simplification drive after the financial crisis, with the reduction of its stake in St [...]
Lloyds looks to take control of Schroders wealth tie-up October 2, 2025 Lloyds Banking Group is looking to ditch its wealth tie-up with Schroders and take control of the six-year old unit. The FTSE 100 titan is poised to buy out Schroders’ 49.9 per cent stake in Schroders Personal Wealth (SPW). The transaction would hand full control over to Lloyds as the bank sets out to expand [...]
Mattioli Woods: Wealth manager’s profit jumps after quitting London September 30, 2025 Profit at wealth and asset management business Mattioli Woods has jumped in the year after quitting the London Stock Exchange. The Leicester-headquartered business has reported a pre-tax profit of £14.2m for the 12 months to 31 May, 2025, new accounts filed with Companies House have revealed. The total is up significantly from the £1m it [...]
HSBC UK beefs up wealth arm with ‘generational’ bet September 26, 2025 HSBC UK is making a “generational” play to beef up its wealth arm as the banking juggernaut eyes global dominance in the field. The FTSE 100 titan will launch a new Wealth Academy this autumn, the bank’s managing director of wealth Christopher Dean told City AM, in partnership with the London Business School. The bank’s [...]
Moneybox’s wealth focus helps treble inflows to record high August 21, 2025 Moneybox secured its second consecutive year of profitability in 2024 after swathes of new customers poured billions into the firm. The investment platform‘s net inflows more than trebled to £5.8bn, from £1.7bn the year prior – a jump of over 241 per cent. Assets under management also more than doubled to £11.7bn as the fintech’s [...]
Exec behind Lloyds mass affluent push quits within days of launch June 4, 2025 A Lloyds exec behind the bank’s push to attract “mass affluent” customers has departed within days of the launch of its new service. Jo Harris, who has been with the FTSE 100 bank for more than a decade, would be leaving at the end of the month, according to an internal memo seen by the [...]