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| Version 0 | Version 1 |
|---|---|
| Mixed outlook for UK bank shares | Mixed outlook for UK bank shares |
| (about 4 hours later) | |
| UK banking sector shares were mixed in Tuesday trading, following sharp falls on Monday. | |
| Royal Bank of Scotland shares rose 10%, having plunged 67% on Monday after the bank had predicted a record loss. | |
| But Lloyds Banking Group - which had fallen 34% on the first day after it completed the acquisition of HBOS - was down a further 27%. | But Lloyds Banking Group - which had fallen 34% on the first day after it completed the acquisition of HBOS - was down a further 27%. |
| On Monday the government announced of a second package of measures to help the banking sector. | On Monday the government announced of a second package of measures to help the banking sector. |
| The plan includes an insurance scheme to cover bad debts held by banks and a £50bn fund to allow the Bank of England to lend money directly to businesses. | The plan includes an insurance scheme to cover bad debts held by banks and a £50bn fund to allow the Bank of England to lend money directly to businesses. |
| Barclays was down 17% while HSBC lost 3.3%. |