In November 2008, UK Financial Investments was established as part of the UK's response to the financial crisis.[6][7]
In 2015 UKFI and the Shareholder Executive became subsidiaries of UK Government Investments and in April 2016 both were merged.[8]
RBS
On 3 November 2009, the government injected further capital into RBS in particular, which resulted in HM Treasury's shareholdings in that company rising from 70% to 83%.[9] Since then, the proportion of those shareholdings have fallen slightly to 80%, as of end-March 2014, because of new issues of shares to other shareholders during the past few years.[10] The government's stake had further decreased to 78.3% by August 2015.[11] That month, UKFI disposed of 5.4% of their shareholding in RBS.[12] As of April 2020 the shareholding is 62%.[13]
Lloyds
HM Treasury's shareholdings in Lloyds dropped from 43% to 41% in February 2010 after it issued 3.14 billion new shares,[14] and dropped again in 2013 from 39% to 33% after it sold £3.2 billion worth of shares. A trading plan of incremental sales during 2015 reduced the stake to below 10% by the end of October.[15] Sales resumed in November 2016, as the holding was reduced to 7.99%.[16] By mid-March 2017, the holding was 2.95% and by late April it was just 0.89%.[17][18]
