UK government cuts stake in Lloyds to just under 15%

16th Jul 2015 08:47

(ShareCast News) - The UK government has cut its stake in Lloyds Banking Group to 14.98% from 15.9% as the bank moves closer to full privatisation.The government started selling off its stake in Lloyds in September 2013 and the bank is set to become fully private again in 2016.It was rescued during the 2008 financial crisis at a cost of just over £20bn to the UK taxpayer.

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