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,
-4.94%

SAN,
-6.46%
skidded 5%, and was the worst performing Stoxx 600 stock in early trade. Lloyds
LLOY,
-0.46%

LYG,
-1.61%
fell 1%.