Rathbones has abandoned plans for a £2bn tie-up with rival wealth manager Smith & Williamson, leading the firm to seek out options for a potential stockmarket listing instead.
In a statement issued on Thursday evening, Rathbones said the deal, which would have created a major new player overseeing £56bn of assets, would not go through. The firm did not say why talks had collapsed,...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November