Rathbones has agreed to acquire up to £1.27bn in private client funds from Lloyds Banking Group for a cash consideration expected to be about £35.4m.
In addition to the acquisition of the discretionary funds, Rathbones has also entered into an exclusive distribution agreement with the banking giant. It will see Lloyds TSB and Bank of Scotland Private...
Improving portfolio diversification
Hanging on the telephone
German recession concerns