The stock exchange announcement said the acquisition had a “compelling strategic rationale” for Brooks in line with its strategy to consider “selective high quality inorganic opportunities”. The fee for all other currencies is £9.50, where charged. We wont charge a fee if you make a payment from your Lloyds Bank account in euros. Our guide explains how to do this online. Through the discussions, Brooks and Lloyds Bank Corporate Markets also reached a referral agreement whereby the two firms will introduce relevant services to each other’s clients. Make payments outside the UK or in foreign currencies. If your business has a turnover of £25m+ we can provide the right blend of products and guidance to help your business grow further from capital and collateral management to financing, foreign exchange and daily banking. Some £1bn discretionary funds under management will be added to Brooks, half from the investment management business serving 1,200 clients and another £500m from the funds business, distributed through about 50 advisers serving 10,500 clients. The takeover will see Lloyds Investment Fund Managers and the clients and assets of Lloyds Bank International - both subsidiaries of Lloyds Holdings Jersey and whose ultimate parent company is Lloyds Banking Group - move over to Brooks. In a stock exchange announcement this morning (June 24), the asset and discretionary fund manager reported it had entered into a binding agreement to acquire 100 per cent of the shares in the Channel Islands firms for up to £9.63m.
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