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Stockreport

Schroders, Lloyds discuss wealth management alliance [Seeking Alpha]

Lloyds Banking Group Plc ADS (LYG)  More Company Research Source: Seeking Alpha
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
PDF In what would be among the biggest wealth management partnerships in recent years, Lloyds (NYSE: LYG ) is in talks to merge its £13B wealth unit into a new joint venture with Schroders ( OTC:SHNWY ), Sky News reports . The arrangement would be part of a three-pronged deal between the companies that includes Schroders taking on a £109B investment management contract from Lloyds-owned Scottish Widows and a separate tie-up involving Cazenove Capital. Click to subscribe to real-time analytics on LYG Now read: Lloyds Banking Group And Brexit: Baby Out With The Bath Water » Subscribe for full text news in your inbox [Read more]

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