The Deal
Sunday, July 5, 
1:02 am

International Bank Watch: Short sellers target Lloyds as ban lifts

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International stocks are up Tuesday. Japan's Nikkei 225 Average closed up 37.71 at 9080.84, and the FTSEurofirst 300 index increased 59.28 points to 4638.92. Financial stocks were mixed, mostly because U.K. financial companies no longer have protection from short-selling. 

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The stocks of many U.K. financial institutions including HSBC Holdings plc and Lloyds TSB Group plc were down. Lloyds TSB is apparently being pummeled as a target of short sellers. Meanwhile, HSBC had its 2009 earnings estimate cut 21% by Deutsche Bank AG Monday. - Maria Woehr

Troubled International Banks
Prices at 12:30 pm EDT
Name Open Price at
12:30pm
Change Mkt cap
UBS 14.53 14.30 -0.27 40576.17
Barclays plc 162.9 163.30 2.30 13671.20
BNP Paribas SA 31.77 34.10 2.25 30511.54
Deutsche Bank AG
38.32 37.54 -1.38 20485.58
Royal Bank of Scotland Group plc 15.15 15.37 -0.87 30321.94
Royal Bank of Canada 37.4 37.97 0.76 50847.15
HSBC Holdings plc 675 657.75 -21.25 79622.38
Lloyds TSB Group plc
124.3 119.00 -6.70 10291.66
Standard Chartered plc 937 999.00 76.00 18942.37
Toronto-Dominion Bank 45.88 46.03 0.70 38948.61
Mitsubishi UFJ Financial Group Inc. 6.12 6.13 -0.14 70914.78
Source: The Deal




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