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Schroders cash injection into banking arm

Schroders, which is selling its investment banking business to Citigroup, is putting aside £200m to establish a private banking arm of its asset management business.


Schroders is also saving a “three figure” sum for establishing a new strategy to co-invest in the group&#39s products.


But the markets reacted cautiously to the organisation&#39s global plans as shares sank 78p to £12.36 yesterday.


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