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UK private banking's most recent entrant raises £7m in fresh capital

News Team, 27/05/2020

Private bank Hampden & Co has raised another £7 million in capital from its main shareholders.

The funding will support balance sheet growth, costs and regulatory requirements, the bank said today (27 May).

The firm’s main backers are Hampden Group, Switzerland-based Drake Group, Xcel Catalin, and a private family office. The bank said it intended to do another capital raise from its smaller shareholders later this year.

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