- Sky News•2 days ago
The Treasury has recovered all of the money it ploughed into Lloyds Banking Group when it rescued the lender during the financial crisis, it has been announced. Philip Hammond said the Government had now received £20.4bn since it began selling its stake back into the private sector in 2013, having held as much as 43%. Taxpayers now own less than 2% of the group, which includes Lloyds Bank as well as Halifax Bank of Scotland, and the Government hopes to complete the disposal of this in coming months.
- Reuters - UK Focus•2 days ago
Taxpayers have recouped all of the 20.3 billion pounds ($26 billion) invested in the bailout of Lloyds Banking Group during the 2008 financial crisis, British finance minister Philip Hammond said on Friday. The government has received 20.4 billion pounds from share sales and dividends since it began selling its stake in 2013, Hammond said in a speech delivered in Washington at the International Monetary Fund spring meeting. Britain, which has been selling chunks of the shares every three or four weeks this year, plans to sell the rest of its shareholding of less than 2 percent "in the coming months".
- Reuters•2 days ago
A British government department has applied to join a class action suit to represent some shareholders who are among those state-owned Royal Bank of Scotland is alleged to have misled in 2008, a document seen by Reuters shows. The Ministry of Justice's move ahead of next month's trial, at which former RBS chief executive Fred Goodwin is due to testify, is the latest twist in one of the costliest cases in British legal history.
RBS.L: Summary for ROYAL BANK OF SCOTLAND GROUP PL - Yahoo Finance
The Royal Bank of Scotland Group plc (RBS.L)
LSE - LSE Delayed price. Currency in GBp
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|Bid||221.20 x 654700|
|Ask||242.00 x 41000|
|Day's range||237.70 - 241.70|
|52-week range||148.40 - 260.90|
|PE ratio (TTM)||-403.48|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|