May

U.K. Government Sells Final Stake in Lloyds Banking Group

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…

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U.K. Government Sells Final Stake in Lloyds Banking Group

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