Oct 13 Arbuthnot Banking Group Plc
warned on Thursday the net interest margin at its commercial
banking unit would fall in the short term due to the Bank of
England's base rate cut following Britain's vote to leave the
European Union in June.
It said it had sped up plans to expand its commercial unit
to cover the North West region, as disruptions at Britain's
larger banks, which are cutting costs and jobs, had led a number
of experienced bankers to join the firm, which has its roots in
183-year-old private bank and wealth manager Arbuthnot Latham.
(Reporting by Esha Vaish and Noor Zainab Hussain in Bengaluru;
Editing by Alexander Smith)