When Lloyds revealed that it had fallen to a loss in the first half of the year and took a provision of almost £4 billion for bad debts, the stock market was spooked (Katherine Griffiths writes).
If that news was grim for Lloyds’ army of small shareholders, there was worse to come. Rising Covid infections and rumbles about negative interest rates plus the December 31 cut-off to the UK’s Brexit transition period have pushed Lloyds’ shares to historic lows — trading at a level they reached only a handful of times in the aftermath of the financial crisis.
That has given Lloyds the dubious honour of the biggest share price fall among the big British banks this year — it is down just over 60
