TSB will offer less than a quarter of its available shares to ordinary members of the public, its boss has said.
ITV News Business Editor Joel Hills reports:
TSB is to list next month. 25% stake in the bank will be sold. Boss says 15 - 20% of shares will go to small (retail) investors.
Paul Pester says TSB will not pay a dividend until 2017 at earliest as all profits will be channelled into growing bank.
More top news
Warm with cooler east coasts
Creativity is in the blood here, and last year’s bombing tragedy has only served to emphasise that.
The Facebook boss admitted his firm needs to take firmer action on terrorism, racism and online bullying as was questioned by MEPs.