Wealth and Asset Management
Arbuthnot profits surge 24%, but loans slump on pricing war
Arbuthnot Latham & Co’s pre-tax profit surged by 24% in the first half of the year, but new written loan volumes slumped by a third as market competition intensified. The private bank reported that pre-tax profits rose from £5.4 million to £6.7 million year-on-year, while total assets increased by 19%…
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