lloyds

Lloyds shares tumble as PPI bill soars

Shares in Lloyds Banking Group fell 2.44 per cent on Monday despite the promise of a return to dividend payments, as the bank announced an additional £1.8 billion provision for Payment Protection Insurance (PPI) claims.

Government starts Lloyds sell-off

The government has begun the sale of its 38.7 per cent stake in Lloyds Banking Group, selling 4.3 billion shares to institutional investors at a price of 75p each.

Lloyds privatisation: pros and cons

Background to privatisation

The British taxpayer has owned a minority stake in Lloyds Banking Group since 2009, when the Financial Services Authority conducted stress tests on the bank that showed it had substantially less capital than would be needed should the ongoing financial crisis cause severe economic problems.