Lloyds raises £161m from TSB sale

Lloyds Banking Group's stake in TSB has been cut to 50% after its latest sale of shares in the lender raised £161m for the banking giant.

Lloyds raises £161m from TSB sale
Fri, 26 Sep, 2014 - 10:25

Lloyds Banking Group's stake in TSB has been cut to 50% after its latest sale of shares in the lender raised £161m for the banking giant.

Last night's placing of 11.5% of stock with institutional investors came three months after Lloyds floated TSB on the London stock market.

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