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New Basel blow to bank shares

14 hours ago ago from U.K. News Room

LLOYDS Banking Group led a sharp fall in banking shares yesterday over fears that the sector may have to carry more cash on the balance sheet than previously thought. Regulators in Basel signalled that extra capital should be put aside to prevent another crisis. Lloyds dropped 5 per cent, or 2.4p to 48.7p, having dropped 8 per cent on Thursday. Calls for increased capital from regulators threaten to hit profits and dividends ...

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