United Kingdom Breaking News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles

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United Kingdom Breaking News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles

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United Kingdom Breaking News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles

by Wochit 1:02 mins

United Kingdom Breaking News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles

by Wochit 1:02 mins

Britain has kicked off the process of appointing advisors for the sale of its shares in Lloyds Banking Group and Royal Bank of Scotland , asking investment banks to submit proposals by July 8th. A farm in rural England turned into a mini tent city as fans flocked to Glastonbury, the world's largest open-air music festival, where megastars like the Rolling Stones will perform alongside more eclectic acts like chanting monks. The event that started as a hippy retreat on a dairy farm in rural Somerset in 1970 has grown into a massive, five-day festival featuring about 2,000 acts on 58 stages attended by more than 135,000 people. Britain's Treasury chief announced $17.7 billion in spending cuts as the government slashed the budgets in many departments in an attempt to make ends meet.

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