M&A Deals
Lloyds shareholders launch court battle over HBOS takeover
Thousands of Lloyds Bank shareholders, including various large investment funds domiciled in the UK, Europe, the US, Canada and Asia, have kick-started a legal battle after it was alleged the bank’s takeover of HBOS was a bad deal for investors.
FPI appoints two new bosses after Van Der Wielen departure
Life insurance giant, Friends Provident International, has named its new chief executive and chairman who will succeed John Van Der Wielen when he leaves the firm at the end of this month.
Barclays sells US wealth management business
Barclays has sold its US Wealth & Investment Management business to American investment bank Stifel Financial Corp for an undisclosed the sum.
Most advisers prefer a successor to a sale on retirement -Russell
Financial advisers would prefer to find a successor that can take on their business when they retire, rather than pursue a sale, new research from Russell Investments suggests.
RSA completes sale of China insurer Sun Alliance
London headquartered-RSA Insurance Group has completed the sale of its China-based business, Sun Alliance Insurance, as it continues to focus on its core markets and “clean up its past weaknesses”.