British taxpayer sells off latest tranche of shares in Lloyds as stake falls below 14% and expectations grow of RBS sell-offThe government has sold a further portion of its stake in Lloyds Banking Group amid expectations it could soon start selling shares in Royal Bank of Scotland.
The taxpayer stake in Lloyds has now fallen to below 14% from the 43% it stood at when it was bailed out with £20bn of taxpayer funds following the 2008 financial crisis.
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Source: theguardian.com