UK bank will pay out to settle a legal battle over a £100bn fund management mandate

UK banking group Lloyds is poised to pay £140m to end a legal dispute with Standard Life Aberdeen over the future of a multibillion-pound asset management mandate.

The settlement, expected to be finalised later this week, will conclude an 18-month battle between the two financial institutions, 

Lloyds will pay £140m to Standard Life Aberdeen to end dispute — report

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