Second Bank in Shares Crash ; Alliance Leicester Plunges 40%Panic Selling Adds to City Turmoil

Summary

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BRITAIN'S bank crisis engulfed a second high street lender tonight when shares in Alliance Leicester crashed 40 per cent.

A last minute wave of panic selling on the Stock Exchange sent AL shares tumbling, despite denials that the company had the same problems as Northern Rock. By the end of trading, they were down 32 per cent at 581p.

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Extract

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Second Bank in Shares Crash ; Alliance Leicester Plunges 40%Panic Selling Adds to City Turmoil

Although there was no immediate explanation for the slump, this wil...

See the full content of this document

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