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Lloyds sells part of St James stake

Published 13/03/2013

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%.

Belfast Telegraph

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