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UK bank shares tumble on global recession fears

Mon, 16th Mar 2020 08:01

LONDON, March 16 (Reuters) - UK bank shares took fresh
tumbles on Monday after a slew of central bank actions failed to
shore up investor confidence in the ability of policymakers to
defend the global economy from global recession in the face of
the coronavirus pandemic.

Shares in Britain's largest domestic lender Lloyds Banking
Group were trading down 6.7% at 0810 GMT, while rival
lender Royal Bank of Scotland saw its stock slide by 4%.

Europe's largest bank by assets HSBC was trading
down 2.5% while Barclays plunged 8.1%.
(Reporting By Sinead Cruise, editing by Carolyn Cohn)

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