A second bumper year from its core banking business saw Close Brothers, the largest independent City bank, increase its profits by 13% to £131 million in the 12 months to the end of July... more
Financial services group Close Brothers said a further rise in lending underpinned a strong third quarter for its banking division, as bad debts fell slightly... more
The founders of Sussex-based financial advisers Cavanagh Group are millions of pounds richer after they agree to sell the AIM-listed business to Close Brothers... more
Close Brothers is selling its Cayman Islands arm to Intertrust for around $34 million, as Close streamlines its asset management arm to focus on its core UK business... more
Improving margins at its Winterflood share-dealing division, a 19% rise in funds under management and strong growth in its banking division, meant Close Brothers had a robust end to 2010... more
A strong performance by Close Brothers’ British market making arm Winterflood helped the bank overcome a sharp rise in bad debts in the six months to end-January... more
Winterflood Securities, the share market-making arm of Close Brothers, enjoyed bumper revenues and profits last year as most financial markets were in turmoil ... more
These are interesting times for private equity. According to Close Brothers, one quarter of all the distressed companies in Western Europe are in the UK. Just 14% are in Germany, 12% are in Italy and 8% in France ... more
The closure of the corporate finance division of Close Brothers, announced yesterday, will cause barely a ripple on the surface of the City - but it is nevertheless a story for our time ... more
Close Brothers, the biggest remaining London-listed investment bank, sold its corporate finance division to Japan's Daiwa Securities for £75 million ... more
Winterflood Securities, the market-making arm of Close Brothers, has lost its appeal against a £4 million fine imposed on it by the Financial Services Authority for its role in a share-ramping scheme... more
Colin Keogh, the outgoing chief executive of investment bank Close Brothers, said he was "looking for green shoots of recovery but they're pretty difficult to find... more
Up to half a dozen blue-chip companies face losing their place as constituents of the Footsie 100 index when the regular quarterly review is undertaken later this week... more
Banking: City bank Close Brothers saw its profits plunge 20% last year as the credit crunch hit its corporate finance, fund management and market-making businesses... more
Markets: Confusion reigned in the City after an emergency move to ban short-selling was launched by the Financial Services Authority last night... more
The private-equity buyout of London estate agent Foxtons was plunged deeper into crisis after lenders seized control of its financial restructuring... more
It is often said that the way to make money in investing is not to seek to milk every last drop of profit from the bull markets but to avoid horrendous losses in the downturns... more
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