Lloyds

Investors will be offered the chance to buy discounted shares in Lloyds Banking Group, as George Osborne plans to sell taxpayers' stake in the bank sooner rather than later.

Morningstar's Erin Davis discusses investors' options when the time comes for the UK government to sell its stakes in the banking sector.

Lloyds Banking Group is to sell its loss-making international private banking business to Swiss bank Union Bancaire Privée (UBP).

George Osborne has started the sale process of the taxpayer stake in Royal Bank of Scotland (RBS) and Lloyds, within hours of both banks getting approval from regulators over their capital strength.

Lloyds Banking Group has raised £450m from a placing of a 15% stake in St James's Place (SJP), just months after it sold a 20% stake.

Artemis managers Adrian Frost and Adrian Gosden have bought into Lloyds Banking Group as the bank's share price nears the point at which the government bought in during the financial crisis.

Sir Winfried Bischoff, chairman of Lloyds Banking Group after taking over during the financial crisis, is to retire from the group later this month.

Lloyds Banking Group is to axe 850 jobs from across the bank as part of its ongoing strategic review.

MUMFORD

Lloyds Banking Group has reported pre-tax profit of £2bn for the first quarter, well ahead of analysts' estimates, after the lender made a number of cost savings and profited from selling 20% of its stake in St. James's Place.