The UK bank has sold off another 1 % of its stake in the Banking Group , reducing its total interest in the lender to below 50 % . This loss comes as the British finance ministry said it would sell at least £ 2bn worth of equity shares to private retail investors in march 2016 to return the bank to full private ownership .
The UK government has sold off another 1% of its stake in Lloyds Banking Group, making its total interest in the lender to below 11%. This move comes as the British finance ministry said it would sell at least £2bn worth of Lloyds shares to private retail investors in Spring 2016 to return the bank to full private ownership.