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A day after the Bank of Bermuda lost its bid in Parliament to gain exemption from the Island's 60/40 rule, the bank's stock plummeted $5 to $35 yesterday

Bank of Butterfield stock also fell 50 cents to $15.75. Belco Holdings gained $1 to close at $24.The BSX index fell 116.18 points, or seven percent, to close at 1,540.36 on a volume of 28,726 shares valued at $515,800.

Bank of Butterfield stock also fell 50 cents to $15.75. Belco Holdings gained $1 to close at $24.

The BSX index fell 116.18 points, or seven percent, to close at 1,540.36 on a volume of 28,726 shares valued at $515,800.