Govt looks to sell bank stakes

clock

The UK Government is talking to investors about the possible sale of its stakes in some of the country's largest banks.

Reports suggest UK Financial Investments (UKFI), which manages the Government's stakes in RBS and Lloyds Banking Group, has been sounding out investor interest, including from sovereign wealth funds. Bank shares received a boost following the news the state may loosen its grip on the sector. In the past two years, the Government has taken substantial stakes in a number of lenders who risked collapse due to their exposure to risky mortgage assets. UKFI is expected to sell the shares slowly over a number of years, given its large stakes and its desire to make a profit for taxpayers. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read