Lloyds' gradual advancement in wealth management has ignited discussions of a possible takeover as the banking behemoth seeks to enhance its services for high net worth individuals.

The FTSE 100 heavyweight withdrew from this sector in 2013 as part of a streamlining effort following the financial crisis, which included reducing its stake in St James's Place, initially acquired through its takeover of Halifax owner HBOS in 2008, as reported by City AM .

In 2019, the bank re-entered the wealth market, forming an alliance with asset manager Schroders six years ago, a partnership that oversees £17bn in assets.

However, recent reports suggest Lloyds is considering terminating the agreement and purchasing Schroders' 49.9 per cent stake.

"Lloyds' wealth proposition is underdeveloped – eve

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