U.K. Government Sells Final Stake in Lloyds Banking GroupBy
LONDON — Nearly nine years after a government bailout during the financial crisis, the Lloyds Banking Group is fully private again.
Lloyds — one of Britain’s four largest lenders — said on Wednesday that it had returned to private ownership after the British government sold its final stake.
The sale is a major milestone for Lloyds and comes five months after the lender made a big bet on the British economy, agreeing to buy Bank of America’s British credit card business for about $2.4 billion…
Leave a Reply
You must be logged in to post a comment.