Further bank rescue as shares take a battering

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Further bank rescue as shares take a battering

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01-18-2009, 11:45 PM

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Further bank rescue as shares take a battering

Bank shares on Friday took a battering amid speculation that more financial institutions will have to be rescued by the Government. Barclays stock was down 25% to its lowest level since 1993, while RBS lost 13%, the latter is 57.9% owned by the Government. Last week alone, Lloyds TSB saw its shares lose 30% in value as [...]

More: Further bank rescue as shares take a battering

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