Britain to start sale of Lloyds soon, review RBS split

Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, Finance Minister George Osborne said, after acknowledging the re-privatisation of RBS remains a long way off.

The government is keen to show Britain’s part-nationalised banks are recovering from the 2008 financial crisis and a profitable sale of part of its 39 per cent stake in Lloyds would allow it to claim at least partial success ahead of the next election in 2015.

via Business feed http://www.scmp.com/business/banking-finance/article/1264874/britain-start-sale-lloyds-soon-review-rbs-split