--Goldman Sachs is participating in the bidding for a GBP109 billion asset management contract with Lloyds Banking Group, alongside Blackrock, JPMorgan and Schroders, reports Sky News.

--Lloyds pulled the mandate from Standard Life Aberdeen, which it has labeled as a material competitor following Standard Life and Aberdeen Asset Management's merger.

Full story: https://bit.ly/2xFTU1Z

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(END) Dow Jones Newswires

June 04, 2018 09:09 ET (13:09 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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