LCG managers Dave Worsfold and Matt Basi buy control from FlowBank liquidators
FlowBank was put into bankruptcy in 2024, and liquidator Walder Wyss has been looking for a buyer for LCG ever since.
FlowBank bankruptcy
LCG revenues fall 18% in 2025 following move to standalone IB model
LCG achieved 21% year-on-year net revenue growth in its core IB partnership with IG Group.
Exclusive: Flowbank bankruptcy will see just 70%-80% refund to third class claims
Flowbank liquidator Walder Wyss is still seeking a potential buyer for London Capital Group (LCG).
Exclusive: LCG loss ballooned to £6M in 2023 following move to Introducer model
The LCG board reports that the Introducing Broker business has accelerated during 2024, and will allow LCG to show a profit for H2 2024.
Exclusive: FlowBank liquidators repay 91% of secured deposits, LCG still for sale
Walder Wyss is still seeking a potential buyer for London Capital Group (LCG).
Exclusive: FlowBank liquidators allowing direct sale of securities until Nov 15
Once a client’s positions have been sold in full, the cash will be transferred to their bank account, in EUR or CHF.
Exclusive: FlowBank liquidators seeking buyer for LCG
FNG Exclusive… FNG has learned that the liquidators of bankrupt Swiss neobroker FlowBank have issued an updated circular to creditors, […]
Exclusive: LCG back in business, FCA license restrictions removed
The halt in operations at LCG last month occurred in the aftermath of the bankruptcy of the company’s parent FlowBank in Switzerland.
Exclusive: LCG offshore arm FlowBroker also ceases to operate following FlowBank bankruptcy
The appointment of the Liquidators has currently made it impossible for LCG Capital Markets Limited to carry out its operations.
Exclusive: LCG has FCA license restrictions imposed in wake of FlowBank bankruptcy
LCG is owned by Switzerland based neobroker / neobank FlowBank SA, which is now in bankruptcy and liquidation.
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