Lazard is negotiating terms for UK financial services group Halifax to buy a portion of Equitable Life's assets.

Halifax said on Wednesday that it was not interested in Equitable's life fund but was negotiating a price for Equitable's pension scheme, administration and IT systems, its fund management business as well as its sales force.

Lazard advising Halifax on Equitable Life deal

James Rossiter

Janine Brewis

Lazard

Deutsche Bank

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Find out who is on the move in the City and beyond this week

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Unicoin bills its token as being backed by billions of dollars in real-world assets, but Biden administration regulators and some crypto executives were skeptical.

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