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Government share in Lloyds dips below 2%


The Government has continued to sell its shares in Lloyds Banking Group, reducing its remaining stake to less than 2 per cent from 6 per cent in January.

The shares are being sold to several buyers through the Government’s trading plan.

The Government has now recovered more than £20bn of the £20.3bn taxpayers injected into Lloyds during the financial crisis, once share sales and dividends received are accounted for.

The Treasury once owned 43 per cent of the group.



Lloyds edges closer to private ownership

The Government has cut its stake in Lloyds Banking Group to less than 3 per cent, having sold further shares in the bank. The Treasury now holds a 2.95 per cent stake in Lloyds, down from 43 per cent at its peak when the Government bailed out the bank during the financial crisis. It is […]


Lloyds hit in international cyber attack

A cyber attack by an international criminal gang saw Lloyds Banking Group customers temporarily unable to access their accounts online. The Financial Times reports several high street banks were hit by the denial of service attack earlier this month, although only Lloyds customers experienced problems. Denial of service attacks see a website swamped with traffic […]

Lloyds mortgage risk boss in mental health fundraiser as tribute to late partner

Lloyds Banking Group head of residential mortgage, retail and consumer credit risk Alastair Holmes is raising money for mental health charity Mind in memory of his partner, John Gurmin, who died in December. Pictured below with Gurmin at Royal Ascot races, Holmes (right) has raised over £600 for the charity via his fund­raising page (uk.virginmoney­ […]

Mental health in the mainstream

By Amanda Docherty, senior marketing consultant Apart from career success, millions in the bank and, on appearance, coveted lifestyles, what else do Rio Ferdinand, Lady Gaga and Ellie Goulding all have in common? They’ve all demonstrated that the power of celebrity can sometimes have a more altruistic purpose than idle gossip. Recently we’ve seen respected […]


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