View more on these topics

Lloyds could shed Scottish Widows in Dresdner deal, say reports

Lloyds TSB could shed Scottish Widows as part of a deal to acquire Dresdner Bank from its parent company Allianz, say press reports.

Lloyds is thought to be looking at German acquisitions to bolster its profits with the UK market set for a slowdown.

Market speculation has put a £6bn price tag on Dresdner and the possibility has been raised that Lloyds could divest itself of Scottish Widows in a part exchange for the German bank.

Allianz is thought to be looking to increase its UK presence and is already tipped as a potential buyer for the Direct Line and Churchill businesses from Royal Bank of Scotland.

Lloyds and Scottish Widows both declined to comment on the rumours.

Recommended

Leaviss believes deflation is threat

Consumers are in for a nightmare ride this year before interest rates settle down in 2009, says M&G Investments head of fixed income Jim Leaviss.

Axa Fofs will go to Architas

Axa has revealed that its Axa Framlington range of six funds of funds will pass to its new multi-manager investment firm Architas.

Multi-manager Carne joins F&C

F&C has bolstered its multi-manager team with Paul Carne, who joins from Crosby Forsyth on July 7.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com