Client Cash

1 article

A symbolic representation of a financial blunder in a boardroom, with scattered documents and a sense of loss, highlighting the impact of Rathbones' client cash handling issue.

Corporate Strategy

Rathbones blunder prompts FCA review into client cash handling

Rathbones, a prominent UK wealth manager, faces a £60 million hit and the end of a lucrative practice: retaining interest on client cash.

Ethan Caldwell·June 20, 2026