Lloyds sells part of St James stake
Published 13/03/2013 | 04:20
Lloyds Banking Group is sitting on a £400m windfall following the sale of a 20% stake in wealth manager St James's Place.
The disposal by the taxpayer-backed bank will boost its capital position at a time when regulators are preparing to publish a report on the health of financial institutions. Lloyds reduced its holding to 37%.