Banking Shares Plummet As Market Concerns Add to Woes

The HeraldAugust 23, 2011

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Summary


Banking shares crashed again yesterday, as market and regulatory concerns threatened to derail the drive to create more competition in the UK banking market.

Royal Bank of Scotland was worst hit, dropping below 20p for the first time since January 2009 as it fell 1.1p to 19.67p, a drop of 5.6%, while Barclays lost more than 4% at 146p.

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Banking Shares Plummet As Market Concerns Add to Woes

Lloyds Banking Group fared only slightly better, falling by almost 3% to 27.56p, its lowest since March 2009.

RBS was traded heavily, wi...

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