Government no longer biggest shareholder in Lloyds

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The government is no longer the biggest shareholder in Lloyds Banking Group.

It has sold a further 1% in the bank and reduced its stake to 5.95%. The Treasury says its holding is now below that of the next largest shareholder and it has recovered £18bn of the £20.3bn that was pumped into the bank during the financial crisis. Chancellor Philip Hammond says: “Returning Lloyds to the private sector and recovering all of the cash the taxpayer injected into the bank during the financial crisis is a priority for the government.”

 

Posted on by CCKeith in Uncategorized
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