Rathbone Brothers
Article Abstract:
Rathbone Brothers is a UK private bank and fund manager, and has acquired Laurence Keen, a stockbroker. Rathbone is converting Keen's clients to its discretionary management and this is increasing profits, though only gradually since fees are charged in arrears. The company's labor costs increased by 12% in 1995, excluding Keen's labor bill. This is linked to compliance requirements and technological change. Funds under management have not increased as fast as the market as a whole.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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A value-added partner?
Article Abstract:
Private banking is a sector where there is a wide range of players, and there are a number of activities, with some banks focusing on major international clients and others geared to smaller domestic clients. Clients appear increasingly concerned about investment performance and this is linked to the quality of advice and service. Private bankers need to be frank with clients and seek to counsel against greed in bull markets and fear when markets turn bearish.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Lloyds TSB
Article Abstract:
Lloyds TSB generated more than 1.2 billion pounds sterling of new capital in 1998. Its shares are worth almost seven times book value at their current price. The rate of return on new investment would fall short of that on existing equity, and growth opportunities do not appear big enough to justify the current rating. Comparisons with other banks may become less flattering over the next year, and current industry profitability may be hard to sustain.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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