The Government has sold a 5.4% stake in Royal Bank of Scotland for £2.1bn, but the taxpayer has made a loss of around £1bn on the sale.
UK Financial Investments, the body that holds the government's RBS stake, said it had sold 630 million shares, representing 5.4% of the bank at 330p a share in a quick-fire sale to institutional investors after the market closed on Monday.
The price was far short of the 502p paid by the Government when it bailed out the bank at the height of the financial crisis.
RBS shares closed at 337.6p on Monday, so the shares were sold at a 2.3% discount.
The move has reduced the Government's stake in the group from 78.3% to around 72.9%.
More top news
Mr Trump’s former national security adviser writes in a forthcoming book that Mr Trump told him he wanted to withhold aid from Ukraine.
The EU chief Brexit negotiator said border checks will be ‘indispensable’.
In the latest part of our series "The Conversation", Ben Chapman has been to north London where three quarters of people voted to Remain.