TSB advert
Media playback is unsupported on your device
Video

TSB shares rise sharply after strong demand from investors

Shares in TSB have risen sharply after strong demand from investors when they were floated on Friday.

Lloyds Banking Group, which is partly-owned by the taxpayer, decided to sell off 35% of TSB, a greater-than-expected chunk.

European rules on state bail-outs mean Lloyds must dispose of TSB by the end of next year.

Emma Simpson reports.

Go to next video: Lloyds Bank announces TSB flotation