FCA orders Tilney and S&W to rethink terms of £45bn merger
'Number of issues' found
The £45bn merger of Tilney and Smith & Williamson has been put on the back burner after the Financial Conduct Authority (FCA) uncovered “a number of issues” with the current proposal.
As part of the regulatory process to approve the proposed transaction, the financial watchdog has identified a number of concerns with how the deal was being structured. In a joint statement, Smith...
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