124 billion euro mandate: Blackrock also plays poker

The ongoing period of low interest rates is visibly impacting margins in the lending business. That's why different banks are working on alternative business models that promise better returns. These banks also include the UK Lloyds Banking Group, which has identified new opportunities in the asset management business. The focus is on cooperation with the British asset manager Schroders and the tendering of a 124 billion euro asset management mandate.