HBOS shares continue to slide

Shares in Halifax Bank of Scotland (HBOS) continued to slide today as the lender cemented its position as the stock market’s biggest casualty from the Lehman Brothers collapse.

HBOS stock dived nearly 14% today, following a near 18% plunge yesterday after Lehman filed for bankruptcy protection. It means the bank’s share price has fallen by more than a quarter in less than two days – wiping £4bn (€5bn) pounds off the group’s market capitalisation.