Lloyds Banking Weighs Possible Deal With Rathbone

Law360, New York (October 15, 2009, 5:16 PM EDT) -- Lloyds Banking Group PLC announced Tuesday that it is in ongoing talks with investment and wealth management services provider Rathbone Bros. PLC over Rathbone's potential acquisition of Lloyds' Bank of Scotland Portfolio Management Service.

The news comes on the heels of Lloyds' confirmation that it also is in discussions regarding the possible sale of real estate business Halifax Estate Agencies Ltd.

Both Rathbone and Lloyds Banking Group confirmed that they were in negotiations regarding the possible deal, but they added that there was no certainty that...
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