Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Government urged to rethink Lloyds Banking Group sale

Friday, October 14, 2016 6:31
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Chancellor Phillip Hammond has said the British government will sell its remaining shares in Lloyds bank to City institutions rather than put them on sale to individual investors in a retail sale.

TD Direct Investing’s chief investing officer Michelle McGrade tells Proactive: ”There’s a huge interest from the man in the street wanting to own Lloyds because we’re finding that it’s the most traded stock and that’s been the case for some time.”

On the subject of whether people should be putting their cash into banks given how opaque their accounts are she says, ”a lot of accounts are opaque and so when people are investing they’re really relying on the experts to make sure that the accounts are reliable and the headline figures they produce are a true and fair account of what’s going on. Most people really wouldn’t understand even the most simple accounts because they’ve got other day jobs”.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.