HBOS Closes 41.5% Down, RBS -39.2%, LLOYDS TSB -13%, and Barclays -13.8%

Big British banks fell on the stock market today, Royal Bank of Scotland (RBS) shares fell a sharp 39.2 percent or 58p at 90p this come as the bank denied reports that it has gone to the government for a cash injection causing concerns with investors that the bank cannot continue without government money.

HBOS was the worse to be hit dropping a staggering 41.5 percent down 66.7p to close at 94p, Lloyds TSB took a knock of almost 14 percent to 223.23p and Barclays tumbled 12.3 percent at 275.50p
Barclays also denied that it has asked the government for a capital injection despite reports than Barclays and Lloyds TSB had urged the British Chancellor of the Exchequer to quickly come up with a rescue plan.

Urgent talks were called between Prime Minister Gordon Brown and the Governor of the Bank of England Mervyn King today at 4pm GMT after the second day of falling stocks for the British Banks took its toll.

Source: afp.google