October 23, 2018 / 1:10 PM / 21 days ago

Britain's Lloyds bank and Schroders to launch joint venture

LONDON, Oct 23 (Reuters) - Britain’s Lloyds Banking Group and Schroders said on Tuesday they had struck a multi-billion pound wealth management alliance in a milestone deal aimed at changing the way Britons save and invest.

Under terms of the deal, Lloyds, one of Britain’s biggest banks, and Schroders will launch a financial planning joint venture, while the blue chip asset manager will also win a lucrative 80 billion pound investment contract from the lender. (Reporting by Emma Rumney, editing by Sinead Cruise)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below