Santander, Lloyds shares fall on report Iran used banks to evade sanctions

Shares of Banco Santander and Lloyds Banking Group dropped after a report that Iran used the two banks to evade sanctions.

Santander shares
SAN,
-6.12%

SAN,
+2.96%
skidded 5%, and was the worst performing Stoxx 600 stock in early trade. Lloyds
LLOY,
-2.16%

LYG,
-1.86%
fell 1%.