Rathbones is in discussions with Lloyds over the sale of the banking giant's non-core private client discretionary management activities.
The discussions principally surround Lloyds’ Bank of Scotland Portfolio Management Service.
Discussions are ongoing, but both groups say there is no certainty any transaction will proceed.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected