TSB shares rise sharply after strong demand from investors
Shares in TSB have risen sharply after strong demand from investors when they were floated on Friday.
Lloyds Banking Group, which is partly-owned by the taxpayer, decided to sell off 35% of TSB, a greater-than-expected chunk.
European rules on state bail-outs mean Lloyds must dispose of TSB by the end of next year.
Emma Simpson reports.
20 Jun 2014
- From the section Business