British government puts sale of RBS, Lloyds stakes on hold after Brexit vote: sources

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British government puts sale of RBS, Lloyds stakes on hold after Brexit vote: sources

British government puts sale of RBS, Lloyds stakes on hold after Brexit vote: sources
LONDON (Reuters) - Britain's government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources said, a decision set to leave a multi-billion pound hole in its finances. The Treasury had planned to further reduce its exposure to the banks it took over during the financial crisis, by raising 9 billion pounds ($11.9 billion) via sales of stock to fund managers and a discounted offer to the p

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