Investment Banking

Lloyds bids farewell to state ownership

UK Treasury has sold the last of the 43.4% stake it bought in the ailing lender during the 2008 financial crisis

Lloyds bids farewell to state ownership
Photo: Getty Images

It is the end of an era for Lloyds Banking Group.

The UK Treasury has sold the last of the 43.4% stake it bought for more than £20 billion in the ailing lender during the 2008 financial crisis, according to a person familiar with the matter.

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