The RBS 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.
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.