HBOS joins the '90pc club'

HBOS's 83.3p share price (as at October 16) is 93pc down from its peak of 1136p, while Royal Bank of Scotland is close to joining the club, with its share price having dipped by 89pc to 66.5p, from the three year peak of 602p. Richard Leader of DigitalLook.com said: "HBOS's entry into the 90pc club is a reflection of just how badly the market has received some of the details of the Government's bail out. Nobody is saying that the bailout is a bad thing, but there are so many strings attached that concern shareholders." He continued: "Whilst the market has been urging the Government to i...