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Article: Lloyds Banking to ask for up to GBP5bn from UK government.

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Global Banking News (GBN)
Article date:
October 15, 2009
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Global Banking News-15 October 2009-Lloyds Banking to ask for up to GBP5bn from UK government(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 15 October 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Lloyds Banking Group Plc (LSE: LLOY) (NYSE: LYG) is likely to ask the UK government for up to GBP5bn in order to shore up its finances, The Guardian has reported, without citing sources.

Lloyds, which is 43 percent owned by the government, is reportedly seeking GBP25bn of extra capital so it can escape the ...

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