Tilney/Smith & Williamson merger delayed due to coronavirus pandemic
'Significant progess' made in FCA talks so far
The proposed £45bn merger between Tilney and Smith & Williamson has been delayed due to a combination the coronavirus pandemic and ongoing concerns from the Financial Conduct Authority (FCA) regarding the transaction structure.
In a note to investors on S&W's website published today (15 April), the wealth management firm said it has been working closely with the FCA to develop a revised transaction structure after the regulatory...
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Should not be safety net
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