UK: Lloyds Bank returns to private ownership

Source: MarketWatch

“Lloyds Banking Group PLC is back in private hands after the U.K. government sold its remaining shares in the bank it bailed out during the financial crisis. The government sold its last 638.4 million shares, or 0.89% of Lloyds’ issued share capital, on Tuesday for an undisclosed sum. It is putting the money raised from the sale toward reducing the national debt.” (05/17/17)