Lloyds Banking Group is set to acquire full ownership of Schroders Personal Wealth (SPW), ending its joint venture with Schroders, according to the Financial Times (FT) report. The decision follows the unit's failure to meet growth targets and a high turnover of chief executives, according to sources familiar with the matter. Lloyds will take over Schroders’ 49.9% stake in the venture, gaining sole control after a challenging period for SPW. The joint venture, initiated in 2019 by then Lloyds CEO Antóni ...