Close Brothers – Making Hay
Close Brothers Group plc (LON:CBG)’s the specialist lending, asset management and market-making group issued a scheduled trading update this morning.Q1 2021 hedge fund letters, conferences and more The group's lending book is growing at a steadily increasing pace, asset management volumes are up and the surge in retail trading volumes in the stock market is driving very strong profit growth at Close Brothers’ Winterflood market-making business.Bad debts are if anything improving from relatively low levels and the group remains strongly capitalised with the Tier 1 ratio improving to 15.5%.The n...