SHARES in the Liberty Life group tumbled for the second consecutive day on Thursday after initial enthusiasm on closer ties with Standard Bank cooled. Standard Bank Investment Corporation (Stanbic) announced a R5,6-billion tie-up with assurance giant Liberty Life earlier this week, taking the first step towards forging a new financial services giant. “There was an initial over-reaction from the market on speculation of a deal and shares ran away. The reality is now setting in that it is going to be a long process,” a dealer said.