Big gains for British banking stocks

Banking stocks made strong gains on the London market today after the British government unveiled details of a £50bn (€64bn) bail-out for the sector.

Big gains for British banking stocks
Wed, 08 Oct, 2008 - 09:11

Banking stocks made strong gains on the London market today after the British government unveiled details of a £50bn (€64bn) bail-out for the sector.

HBOS jumped 27% and Royal Bank of Scotland rose 12% as the pair steadied after losing 42% and 39% respectively last night.

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