Sale to investment firm to cost Kleinwort Benson Jersey banking licence | Property Funds World

Sale to investment firm to cost Kleinwort Benson Jersey banking licence | Property Funds World: "Kleinwort Benson, the UK-based investment management and financial services group that is one of the largest fund administrators in the Channel Islands, will have its banking licence withdrawn by the Jersey Financial Services Commission when the firm is acquired by Belgian investment firm RHJ International from Germany’s Commerzbank."