Editor's view: Here come the banks

The editor's Friday Night Takeaway from 24 October

Jen Frost
clock • 2 min read

PA’s top read article this week centred on a rumoured deal that could see RBC snap up Evelyn Partners.

If you want insight on the regulatory, cultural and tech hurdles such a merger might face – or the extent to which a deal could turbocharge RBC's wealth management market share following its 2022 acquisition of Brewin Dolphin – click here. My eye, however, was drawn to a snippet from Solve Together CEO Dave Mason, on banks.  As Mason points out, JP Morgan is nixing Nutmeg to launch a personal investing platform, Lloyds has just taken back control of the Schroders Personal Wealth joint venture, and now RBC is reported to be in the frame for Evelyn. Initially, Natwest was reported to...

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