UK has no imminent plans for bank share sales: sources
LONDON (Reuters) - Britain has no imminent plans to start selling shares in state-backed lenders Royal Bank of Scotland (RBS.L) and Lloyds Banking Group (LLOY.L) but a sale of shares next year is realistic, sources with knowledge of government plans said.
A decision will depend ultimately on the share performance of the two banks in the intervening period and whether the government is prepared to sell at a loss, the sources said.
Other factors which will influence the decision include the outcome of discussions between the banks and Britain's financial regulator on future capital requirements and the outcome of a review into banking standards by an influential panel of lawmakers, the sources said.
(Reporting by Matt Scuffham; Editing by Steve Slater)
- Putin dissolves state news agency, tightens grip on Russia media
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters want power now |
- Cold, ice grip U.S. as more snow to blanket East
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'