LONDON, May 17 (Reuters) - Shares in state-backed LloydsBanking Group on Friday hit the level which thegovernment regards as breakeven on its 20.5 billion pound ($31.4billion) rescue of the bank.
Lloyds shares hit 61.3 pence at 0719 GMT, their highestlevel for over two years. Industry and political sources say thegovernment is keen to start selling once the shares are tradingconsistently above the break-even price.
($1 = 0.6533 British pounds) (Reporting by Matt Scuffham; Editing by Steve Slater)
Lloyds (LLOY)