Bank shares recover some ground
Added (2009-Jan-20)
UK banking sector shares were mixed in mid-morning trading on Tuesday, following sharp falls on Monday.
Royal Bank of Scotland shares rose 12%, having plunged 67% on Monday after the bank had predicted a record loss.
But Lloyds Banking Group - which had fallen 34% on the first day after it completed the acquisition of HBOS - was down a further 11%.
On Monday the government announced of a second package of measures to help the banking sector.
The plan includes an insurance scheme to cover bad debts held by banks and a £50bn fund to allow the Bank of England to lend money directly to businesses.
Barclays was down 2% while HSBC lost 1%.
