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| Name | Symbol | Market | Type |
|---|---|---|---|
| Lloyds Banking Group Plc | NYSE:LYG | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.06 | 2.33% | 2.64 | 2.62 | 2.5801 | 2.61 | 9,056,768 | 01:00:00 |
From May 2019 to May 2024
By Adam Clark
Schroders PLC (SDR.LN) said Monday that it is in discussions with Lloyds Banking Group PLC (LLOY.LN) over potential cooperation in the wealth-management sector.
Schroders, a FTSE 100-listed asset manager, was responding to media speculation of a joint venture. It said that discussions are in process and there can be no certainty that a formal arrangement will be reached.
Sky News reported Sunday that the companies are considering a new joint venture that would include Lloyds' wealth-management arm.
Meanwhile, Schroders has been widely reported to be a frontrunner for a 109 billion-pound ($142.94 billion) investment-management contract with Lloyds.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
October 08, 2018 02:25 ET (06:25 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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