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Britain's Schroders says in talks with Lloyds to work together in wealth sector [Reuters (UK)]

Lloyds Banking Group Plc ADS (LYG)  More Company Research Source: Reuters
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
PDF Britain's Schroders says in talks with Lloyds to work together in wealth sector | Reuters 1 Min Read Oct 8 (Reuters) - Asset manager Schroders Plc said on Monday that it was in talks with Lloyds Banking Group to work together in the wealth sector. Schroders, one of Europe’s biggest standalone investment firms, said in a short statement that discussions were ongoing and there was no certainty that they would lead to a deal. Sky news reported on Sunday that Lloyds would merge its 13 billion pound ($17.03 billion) wealth management arm into a new joint venture with Schroders. $1 = 0.7634 poundsReporting by Noor Zainab Hussain in Bengaluru; Editing byAmrutha Gayathri All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. [Read more]

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