Lloyds Banking Shares Drop After Scheme Lifts Government Stake

4.4 pence or 10% at 37.6 pence, pulling other U.K. banks lower as well, with Barclays PLC (BCS) and (HBC) dropping 5.1% and 10%, respectively. (RBS), which announced its participation in the scheme in late February, saw its share down only 1.5%. Goldman...