- Wealth manager Schroders confirmed it was in discussions with Lloyds Banking Group about 'working closely together' in parts of the wealth sector.

Talks were ongoing and there could be no certainty they would lead to any formal arrangement being entered into, the company said.

Schroders made the statement after after Sky reported Lloyds wanted to mearge its wealth management arm into a new joint venture with Schroders.

Story provided by