Page last updated at 17:03 GMT, Tuesday, 20 January 2009

UK bank shares in fresh falls

RBS branch

UK banking sector shares were down in Tuesday trading, following on the back of sharp falls on Monday.

Royal Bank of Scotland shares fell 11%, having plunged 67% on Monday after the bank had predicted a record loss.

Lloyds Banking Group - which had fallen 34% on the first day after it completed the acquisition of HBOS - was down a further 31%.

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.

Barclays was down 17% while HSBC lost 3.2%.



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