A stockbroker has said its customers bought and sold more Lloyds Banking Group shares than any other stock during the past week of trading on the FTSE 100.
TD Waterhouse said its 200,000 customers had been buying and selling Lloyds shares in the highest numbers between 11 and 17 August 2010.
Darren Hepworth, trading and customer services director at TD Waterhouse, said: “Lloyds topped both the buys and sells list this week as TD Waterhouse customers continued to trade heavily in financial stocks.”
Hepworth said that buys had outweighed sells overall in Lloyds, with Royal Bank of Scotland and Barclays stocks also heavily traded on news of staffing-cuts in the Barclays Capital investment unit and RBS’ sale of a £1.4bn portfolio of European loans to fund manager Intermediate Capital.
Intermediate Capital chief executive Christophe Evain said the acquisition would contribute to the firms "strategy of growth as a leading global alternative asset manager", building on a track record of investing in this type of European loan.
RBS has embarked on a programme of divestment and reduction in its exposure to loans. Earlier this month RBS announced the sale of a majority stake in its RBS WorldPay business, also known as Global Merchant Services.
The card payment services business was brought by private equity firm Advent International and investment firm Bain Capital.
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