Treasury injected £20.3bn to prop up bank in 2008 after its troubled takeover of HBOS but now public stake stands at zeroThe government has sold its remaining shares in Lloyds Banking Group in a landmark moment for the banking sector nearly a decade after the £20.3bn bailout of the high street lender.
It will be confirmed on Wednesday that the Treasury has finally extricated itself from its shareholding in the bank – owner of Halifax, Bank of Scotland and Scottish Widows –which it rescued during at the depths of the financial crisis. Related: Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts Continue reading...
Source: theguardian.com