Lloyds Bank to snap up Embark Group - reports

Lloyds Banking Group is set to launch a £400m takeover of fast growing retirement and wealth management company Embark Group, according to a speculative report from Sky News over the weekend.


SPW referrals up but little news on inflows

Schroders Personal Wealth, the Financial Planning joint venture launched by Schroders and Lloyds Bank, has reported a 75% increase in referrals supported by the firm’s new relationship consultants but has only published limited results for the latest quarter.


Schroders Personal Wealth delays growth target

The target for Schroders Personal Wealth to become a top 3 Financial Planning business by 2023 has been pushed back two years to 2025 amid signs growth is providing harder to achieve than expected.


CEO to leave Lloyds Bank Group for Credit Suisse

António Horta-Osório, group CEO and director of the Lloyds Banking Group, will step down in April after being proposed for election as the chairman of the board of Credit Suisse.

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