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Fund managers to warn FCA over US activist’s plans to shake up UK trusts

Saba Capital has taken stakes in seven trusts and called on investors to vote for changes to their boards
Financial Times - Jan. 9
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premises
Financial Times - Jan. 8
Warner Bros. shakes up studio leadership amid film underperformance

The move comes as the Warner film studio faces pressure to increase its profitability. The exiting executives, Josh Goldstine and Andrew Cripps, were not in charge of picking movies.
Los Angeles Times - Jan. 8

Fund managers to warn FCA over US activist’s plans to shake up UK trusts