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

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Reuters
Schroders says in talks with Lloyds to work together in wealth sector | Reuters 1 Min Read (Reuters) - Asset manager Schroders Plc ( SDR.L ) said on Monday that it was in talks with Lloyds Banking Group ( LLOY.L ) 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 wealth management arm into a new joint venture with Schroders. Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Show less Read more
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