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Portrait of the week

Portrait of the week

21 September 2013

9:00 AM

21 September 2013

9:00 AM

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The government sold 6 per cent of Lloyds Banking Group to big investors for £3.2 billion. It still owns 32.7 per cent of the bank. Barclays published details of plans to raise £5.95 billion by issuing new shares. The Financial Conduct Authority warned Barclays of a £50 million fine for a deal with Qatari investors in 2008, in which it failed to ‘act with integrity’ towards shareholders; Barclays contests this.

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