Hargreaves is wooing savers frustrated by the time and red tape involved in setting up new bank accounts HARGREAVES LANSDOWNFrustrated customers defecting from Barclays boosted the net number of clients won by Hargreaves Lansdown to 61,000 in the half-year to December. Chris Hill, Hargreaves chief executive, said that the problems at Barclays had been significant in gaining new clients. Net new clients for the whole of the previous year were 110,000. “We saw some in the first quarter and more in the second quarter and there is still more to come,” he said. “[Barclays] are not out of the woods yet, but the rate [of defections] has come down.”Clients of Barclays Stockbrokers, renamed Smart…

Source: The Times February 06, 2018 17:03 UTC