BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group for £235m.
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.
Early trading saw the FTSE 100 fall after reaching a 12-month high on Monday.
The FTSE 100 plunged sharply in morning trading, as banks and mining stocks dragged the index down.
Lloyds Banking Group, the part-nationalised banking group, confirmed today that it has gone into talks with the Treasury about changing the terms of its participation in the Government's insurance scheme for toxic assets.
Over the past quarter, we have witnessed the continuation of the corporate bond market rally, with optimism levels seemingly high over future growth.
Positive US job figures failed to spur the Dow Jones in early trading on Wednesday.
Lloyds Banking Group is among the fallers in early trading on Wednesday on rumours it is close to securing a deal that will see some of its bad loans insured under the Government's asset insurance scheme.
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Lloyds Banking Group has dismissed as "rumour" reports it may sell part of its fund management business in a bid to raise cash following its bailout by the UK Government.