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%. In a statement on Friday, RBS said it was "disappointed" by the government's decision and would continue to work with the Treasury "to ensure that we can deliver our business plan for the future of Lloy@@
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.