--Lloyds Banking Group is likely to split the 109 billion pound ($152.9 billion) mandate it intends to withdraw from Standard Life Aberdeen among a number of asset managers, reports Bloomberg, citing an unnamed source.

--The source told Bloomberg that splitting the mandate--which it proposed to remove from SLA after the merger between Standard Life and Aberdeen transformed the company into a direct insurance competitor to Lloyds--is seen as less risky by the lender.

Full story: https://bloom.bg/2Jp3fNf

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

April 06, 2018 10:49 ET (14:49 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Lloyds Banking (NYSE:LYG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Lloyds Banking Charts.
Lloyds Banking (NYSE:LYG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Lloyds Banking Charts.