Government plans to sell final remaining shares this week eight years after pumping in £20bn to prevent bank’s collapseThe government is expected to sell off its remaining shares in Lloyds Banking Group in the coming week,marking a watershed moment for the sector after the financial crisis.
Eight years after pumping in £20bn to prevent the bank from collapsing, taxpayers will no longer own any shares in an institution that was created in the depths of the financial crisis when Lloyds TSB rescued HBOS. Related: Lloyds profits double to £1.3bn despite PPI and fraud payouts Continue reading...
Source: theguardian.com