Schroders agrees £9.9bn takeover by US investment manager Nuveen
Deal would end independence of one of City of London’s most historic names
Deal would end independence of one of City of London’s most historic names

US asset manager has swooped on one of London’s most historic names

Two centuries of family ownership of the British financial institution will end

Richard Oldfield says there is ‘no reason to think’ the business will be sold after deal with US fund manager Nuveen

Richard Oldfield reassured government before sale of centuries-old institution to US investment firm

Asset manager is ending its listed life with a whimper rather than a bang

History might be repeating itself after the sale of investment banks to bigger US rivals