Some bailouts can be a good deal

U.K.’s Lloyds Stake, a Remnant of the Financial Crisis, Is Finally Sold Off
Nearly a decade after bailout, British government sells its remaining shares in U.K.’s biggest retail bank
By
Francesco Guerrera and
Portia CroweUpdated May 17, 2017 6:28 a.m. ET


LONDON—The U.K. government has sold its last remaining stake in Lloyds Banking Group PLC, a watershed moment for the British lender almost a decade after it was bailed out for more than £20 billion at the height of the financial crisis.

The bank said that, including dividends and share sales, the government has in total received £21.2 billion ($27.4 billion), £894 million more than it put in.