Bank Shares Slump Friday - How Did Your Firm Do ?

Friday's news that US market regulator The Securities and Exchange Commission is charging Goldman Sachs with fraud had a ripple effect on the stock of other firms in the banking sector.

Here's a league table which details the percentage fall in share price of the major banks on Friday.

1. Goldman Sachs - 12.79%

2. Deutsche Bank - 7.27%

3. Morgan Stanley - 5.57%

4. Bank of America - 5.49%

5. Citigroup - 5.20%

6. JPMorgan Chase - 4.73%

7. BNP Paribas - 3.79%

8. Credit Agricole - 3.47%

9. State Street - 3.03%

10. Commerzbank - 2.87%

11. Wells Fargo - 2.83%

12. UBS - 2.82%

13. Societe Generale - 2.78%

14. Barclays - 2.56%

15. Northern Trust - 2.15%

16. Jefferies & Co - 2.07%

17. Credit Suisse - 1.86%

18. HSBC - 1.74%

19. Bank of New York Mellon - 1.41%

20. Standard Chartered - 0.69%

The one stand-out was Royal Bank of Scotland, which ended the day up 5.11%, after analysts over at Bank of America Merrill Lynch said they thought that the bank would return to profit in 2010.

Note that, by the time the Goldman news was released Friday, the Asian markets were closed, and Europe was in the process of closing, so there may be further downward pressure on some Asia-based and European bank stocks Monday.

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