Disposal expert
John Crompton, head of market investments at UK Financial Investments, talks to Alexander Campbell
The financial turmoil that began in 2007 left the UK government holding a significant share of the country’s banking industry – the whole of mortgage lenders Bradford & Bingley and Northern Rock, and significant stakes in Royal Bank of Scotland (RBS) (70%) and Lloyds TSB (43%). Having taken these stakes reluctantly, it was determined this foray into banking should be as temporary as possible.
UK Financial Investments (UKFI), an entirely government-owned company, was set up in November 2008 to
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