Lloyds and Standard Life Aberdeen to settle £100bn funds row

Pedro Gonçalves
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Lloyds and Standard Life Aberdeen to settle £100bn funds row

Lloyds Banking Group  is set to pay Standard Life Aberdeen £140m to settle their dispute over a £100bn fund management contract, after an arbitration panel said the bank was not entitled to pull out of the arrangement. The settlement, expected to be finalised later this week, will conclude an 18-month battle between the two financial institutions, Sky News first reported. Under the agreement, the UK bank will pay out £140m and the Scottish fund manager will continue to manage around £...

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