Taxpayer to own 43% of merged Lloyds Banking Group
The new Lloyds Banking Group, formed by the merger of Lloyds TSB and HBOS, is set to be 43.4% owned by the taxpayer, after investors bought just 0.5% of shares on offer from Lloyds TSB and 0.24% of stock on offer from HBOS. The new banking giant is set to commence trading next week, subject [...]
Taxpayer to own 43% of merged Lloyds Banking Group
