HBOS’ share price plunges 32%

HBOS\' share price has fallen a whopping 32% to 190p in early morning trading in the wake US investment giant Lehman Brothers filing for bankruptcy.

Other UK banking giants have been similarly hit by the resulting loss in market confidence, with Royal Bank of Scotland sliding 12% to 203p per share, Barclays 14% to 299p per share and Bradford & Bingley 13% to 32p per share.

Lloyds TSB and HSBC faired slightly better, falling 7% and 4% respectively.

The FTSE 100 index has overall plunged by 5%.