Close Brothers Group plc is a UK merchant banking group which provides lending, takes deposits, manages wealth and trades in securities. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
Close Brothers was founded in 1878 by William Brooks Close and his brothers Fred and James Close, who started offering farm mortgages in Sioux City, Iowa.[3][4] In 1897, William Brooks Close paid £10,000 to the US government for the right to build Alaska's first railway the White Pass and Yukon Route.[5]
The company was the subject of a management buy-out in 1978 and was first listed on the London Stock Exchange