Close Brothers Group plc (LSE: CBG) is a British bank based in the City of London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The Company was founded by William Brooks Close providing farm mortgages in Iowa in 1878 and soon diversified to financing Alaska's first railway. It was the subject of a management buy-out in 1978 and was first listed on the London Stock Exchange in 1984. It acquired Winterflood Securities in 1993 and Hill Samuel's Corporate Finance Division in 1996.
In January 2008 Close Brothers became a takeover target but talks eventually collapsed.
In March 2008 Close Brothers acquired UK short-term and bridging lender Commercial Acceptances Group for around £31m.
In May 2009 it was announced that the corporate finance business was to be acquired by Daiwa Securities SMBC, a Japanese investment banking venture.