Quick Govt sale of bank shares 'unlikely' - papers

UKFI, which is in charge of the Government's 70 per cent stake in Royal Bank of Scotland and its 43 per cent holding in Lloyds Banking Group, will release its first report and accounts. It is expected to downplay expectations of a quick share sale, warning it could be years before the Government can fully extricate itself from the troubled banking sector. The Government body is expected to say it will begin to sell its shares only when market confidence has been restored. Full story...