Lloyds (LSE: LLOY) (NYSE: LYG.US) has already sold 38.5% of its shares in TSB (LSE: TSB), the high-street bank it span off via an IPO in June, but the European Commission has only given it until the end of 2015 to complete the job. And now it has a window to offload a second tranche.
Why Lloyds Banking Group PLC Could Be Looking To Sell More TSB Banking Group PLC
VIDEO: One Fool takes a closer look at Lloyds Banking Group PLC (LON:LLOY) and TSB Banking Group PLC (LON:TSB).
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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