News by: James Phillipps
Lloyds is to sell its remaining 21% stake in St. James's Place, the bank has confirmed in a statement to the market.
Deutsche Asset & Wealth Management is to convert a further 18 of its equity exchange traded funds (ETFs) over to a direct replication model.
Edward Bonham Carter is to stand down as group chief executive next March and will be replaced in the role by Maarten Slendebroek.
The former Barclays chief is looking to raise $250 million and has already received significant institutional backing for a shell company that will look to invest in African financial services businesses.
China became the latest to focus in on Bitcoin last week after its central bank stopped short of banning them but warned against them being viewed as legal tender, prompting online retail giant Baidu to stop accepting them.
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