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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hbos | LSE:HBOS | London | Ordinary Share | GB0030587504 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 70.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Lloyds Banking Group (LLOY.LN) Chairman Victor Blank said he doesn't want the government to take a bigger stake in the bank, although he's happy to have them as a shareholder.
"I think we can probably conduct our business better than the government can conduct it for us," Blank told Sky News late Monday.
The U.K. government currently has a stake of 43% in Lloyds Banking Group, which started trading Monday following the successful merger of Lloyds TSB and HBOS. The stake came after HBOS was forced to make a government-backed rights issue as part of the government's bailout of U.K. banks last year.
Blank said the government shouldn't have a higher stake, and he believes it better for the bank's customers, "that we are more secure, we are safer, that we can give them a greater range of products."
"We believe in time it will be better for our shareholders," he added.
-By Steve McGrath, Dow Jones Newswires; 44-20-7842-9284; steve.mcgrath@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
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