RBS Shares Plunge By Almost Two Thirds

Shares in Royal Bank of Scotland tumbled by almost two-thirds after it announced a loss of over 20 billion pounds ($30 billion), the biggest loss in British corporate history.

That's one fifth of this mornings announced government lifeline gone by lunchtime on day one!

At 2pm GMT shares in RBS were down 56.2% at 15.2p, having hit a 23-year low of 12.2p earlier in the day.