Published Date:
12 January 2009
Taxpayers are set to own almost half of the "super-bank" created from Lloyds TSB's rescue takeover of HBOS, the two banks have confirmed.
The offer of £13 billion in new shares from the duo to strengthen their finances was all but snubbed by existing investors - leaving the Treasury to buy them up.
This will leave the taxpayer owning around 43.4 per cent of the new Lloyds Banking Group.
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Last Updated:
12 January 2009 7:43 AM
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Source:
n/a
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Location:
Halifax
