At 34p the price is lower than HBOS ever went (yes, market capitalisation and all that, but all the same).
HSBC and Standard Chartered holding up.
Barclays are currently valued at about 1.2 times their annual profits. Down nearly 20% in 15 minutes - does someone know something we don't ? Got to be worth a dabble, surely ?
RBS hanging on at 10.5.
Gosh, this is exciting. Or it would be if I didn't bank with Lloyds. Doubtless Gordon will ensure that I don't lose out.
Stephen Sizer in Tehran
4 hours ago