Wall St slides as Lloyds loss adds to bank fears (Reuters)

NEW YORK (Reuters) – U.S. stocks fell in volatile trading on Friday as financial shares slid after Britain's Lloyds Banking Group (LLOY.L) posted a wider-than-expected loss, adding to persistent worries about the health of the banking sector .

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The KBW Bank index (.BKX) fell 4.5 percent, taking its weekly decline so far to more than 13 percent. Stocks rallied late on Thursday after Reuters reported the Obama administration was working on a program to subsidize mortgage payments for troubled homeowners.

Full Story: Wall St slides as Lloyds loss adds to bank fears (Reuters)