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.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump