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GC Asia
KBC, Lloyds reassure market
KBC and Lloyds gave the equity markets a much needed boost on Thursday as they successfully reassured investors that neither were facing the same drastic carve up as ING. Other financial institutions under EU scrutiny also rallied.
The banks’ shares had taken a hammering earlier in the week on the ING news but regained those losses on Thursday. Lloyds’s share price was up 7.5% on the day while RBS’s rose by 9.5%. KBC’s share price went up by 17% while Dexia rose by 3.45%.
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