British Government Sells More of Its Stake in Lloyds Banking Group

LONDON — The British government has further reduced its stake in Lloyds Banking Group, the British bank said on Monday.

In December, the government announced that it would engage in a measured sale of a portion of its stake as part of a prearranged trading plan with Morgan Stanley that runs through the end of June.

Lloyds is expected to announce its fourth-quarter results on Friday.

Go to Home Page »

The New York Times