Government no longer biggest shareholder in Lloyds

591e4a56-7aa6-4168-8167-47e766e7202e

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

Privacy Preference Center

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

Switch to mobile version