Battered banking stocks drag down Footsie

The FTSE 100 Index close down 4.9 points at 5203.6 as banking stocks took a battering on concerns about exposure to Enron.

Battered banking stocks drag down Footsie

The FTSE 100 Index close down 4.9 points at 5203.6 as banking stocks took a battering on concerns about exposure to Enron.

Abbey National slumped 5%, 57p to 978p, after saying its exposure stacked up to £115 million.

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