Depressed morning session for FTSE

Mortgage lender Halifax Bank of Scotland led a depressed session for banking stocks and the wider London market today.

Depressed morning session for FTSE
Wed, 09 Apr, 2008 - 12:31

Mortgage lender Halifax Bank of Scotland led a depressed session for banking stocks and the wider London market today.

The biggest drag on HBOS came from a downgrade by Credit Suisse, although traders also blamed an aggressive move by HSBC into the UK mortgage market.

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CourtsBusinessHeathrowPlace: UKPlace: Wall StreetPlace: HalifaxPlace: USPerson: Taylor WimpeyOrganisation: FTSEOrganisation: Halifax Bank of ScotlandOrganisation: HBOSOrganisation: Credit SuisseOrganisation: HSBCOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: PersimmonOrganisation: FootsieOrganisation: Barratt DevelopmentsOrganisation: SignetOrganisation: H SamuelOrganisation: Ernest Jones
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