Shares in Lloyds Banking Group fell another 7% in this morning’s early trading session as the bank continues to feel the pressure from Friday’s announcement of huge losses at HBOS.
At their lowest, the bank’s share fell by 32% on Friday after HBOS announced losses of over £10bn for 2008.
Friday’s news sparked fears that the government would be forced to pump even more money into the bank, or possibly nationalise it.
Lloyds has also been criticised in the past week for planning to pay up to £150m in staff bonuses, despite being 43% owned by the government.
