HBOS bank shares plummet more than a third (AFP)
17.09.2008 12:35 Business
LONDON (AFP) - The share price of bank HBOS tumbled by 35 percent in early morning trade here on Wednesday, dragging London's FTSE 100 leading shares index back into negative territory.
HBOS stock dived 35.16 percent to 118 pence as investors continued to fret over the state of the global banking sector, despite news of a rescue package for troubled US insurer AIG.
The FTSE erased earlier gains to stand at 4,990.70 points, down 0.69 percent from the close on Tuesday.
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