Merger talks between mutuals, savings are dead and locked down finances - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
Royal London pursues £500m LV= tie-up to forge 'mutual champion' Royal London is pursuing a takeover of LV=, in a deal that would create a "mutual champion" with nearly 10 million customers across the UK, Sky News reports. According to Sky News, "LV='s board is understood to have met this week to discuss the progress of a strategic review that got under way in June, with a decision about a deal with Royal London potentially being reached within days." The broadcaster suggests the two parties are not in exclusive discussions, and Bain Capital, the private equity backer of motor insu...
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