Lloyds Banking Group shares have rebounded after an extraordinary three-hour rollercoaster ride reflecting the uncertainty surrounding the troubled bank.
The share price was down more than 20% in early trading – but is now up nearly 4%, making Lloyds the FTSE 100's top climber.
Lloyds shares are changing hands at 63.6p, up 2.2p on Friday night's close.
On Friday the shares slumped by almost a third after the bank – which is 43%-owned by the government – put out an unscheduled trading update and warned losses would almost hit £11bn.
Investors worry that the bank, formed from the emergency takeover of HBOS by Lloyds TSB, is destined for full nationalisation.
But the other financial stock that was suffering earlier, Legal and General, is still ailing – down nearly 6% at 46.6p, making it the FTSE 100's biggest faller.
Overall the blue-chip index is down 28.64 points at 4160.95.
