Lloyds Banking Group sign
Media playback is unsupported on your device

Why is Lloyds Banking Group proving popular?

17 September 2013 Last updated at 10:25 BST

The government has sold a 6% stake in Lloyds Banking Group for £3.21bn at a share price of 75p. It is now starting to sell off some of the 39% stake in Lloyds that taxpayers own.

Lord Paul Myners, the former city minister who was appointed back in 2008 to effectively bail out Lloyds and RBS, told the Today programme's business presenter Andy Verity why Lloyds seems to be proving popular at the moment.

First broadcast on BBC Radio 4's Today programme on Tuesday 17 September 2013.