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Barclays confirms ABN takeover talks

Barclays has confirmed it is in talks to buy Dutch bank ABN AMRO.

It says in a statement: “These discussions are the result of careful consideration to create a highly complementary partnership. The talks are at an early and exploratory stage and there can be no certainty that they will lead to a transaction.”


Kensington CEO Maltby in shock departure

Kensington Group chief executive John Maltby has quit, to be replaced by Kensington Mortgages managing director Alison Hutchinson.The shock news, effective immediately, comes after a board review of the business. That has highlighted that long-term profitability is likely “to be below current market estimates”.Maltby is said to be pursuing “other career opportunities”.Kensington has also revealed […]

Missed opportunities for IHT

All those working in the field of estate planning might be relieved that the Chancellor’s 11th Budget was so uneventful for IHT compared with the shock announcement in last year’s Budget affecting gifts to trusts.The main IHT announcement was simply that the nilrate band for tax year 2010/11 will be £350,000.Brown has been in the […]

IFAs underwhelmed by CSAM appointments

Credit Suisse has appointed a safe pair of hands to run their multi-manager portfolios in the wake of further departures from the firm, that’s according to Chelsea Financial Services managing director Darius McDermott.


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